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2010-04-07

AMMB Broken RM 5.00 Level - Likely To Move Higher



















Since enter the month of APR, AMMB share price have broken RM 5.00 level however the volume is still not high. Speculator need to accumulate share in low price before pushing it up so now their likely to test the market by push up the share to RM 5.10 may be by today to see retail investor respond, if positive their may sale some share their buy early to profit taking to replace their share price by retail investor money, once their money out from share, their will drop the share to buy back more cheaper.

However, AMMB is a good quality share so soon the speculator will push up the share when the time come. AMMB 4Q2010 result will roll out by mid of MAY so I think the share price may drop back below or near RM 5.00 for second time before major push up to target price RM 5.50.

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My investment with RM5,000 initial capital have been growing since 2005.I found the stock market appears confusing and complicated, but it is most definitely based on logic "supply and demand". However, the laws of supply and demand as observed in the markets do not behave as one would expect. To be an effective trader, there is a great need to understand how supply and demand can be interpreted under different market conditions and how to take advantage of this Off Market Transactions in KLSE.

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