AMMB Share In Accumulated since Early Of March

AMMB drop back and hold on around RM5.00 - RM 4.90 after hits high this year at RM 5.20. Base on the chart this share had accumulated since early of March and 4Q2009 Financial report will be review on mid-May.

Speculator may use the news to speculate up the share if world market no new bad news roll out. Most of the research house but TP for AMMB at RM5.50 so if we target AMMB hits back to RM5.20 in short term it call warrants already profitable more than 10% from now.

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.

AMMB In Accumulation Stage

AMMB share price is moving between RM4.80 to RM 5.00 and base on the chart now AMMB is in accumulation stage before the announcement of 4Q2010 result on mid-May. There are above 1.5 months from now, so any price drop below RM4.80 will be a good buy in into AMMB share.

Before any rally to hits RM5.50 the share need to build a base on RM 5.10 level so the accumulation stage may continues till end of APR. Most of the research house give AMMB a good grading with target price about RM5.50 so AMMB may likely profitable in short term.

For me I always look into call warrants to maximums the profit of my portfolio.

AMMB May Rebound After Accumulate Share

AMMB share price have cap on RM5.00 for some day and also AMMB is the only bank did not benefit march with the rise of OPR by Bank Negara.

However the value of AMMB is high and base on the chart, AMMB share price move around RM4.80 to RM5.00 and the vol is high so it will be likely that AMMB share price will keep in this zone for some time to accumulate before bounds up to RM5.50. 4Q2010 report only will roll out by May 2010 so if AMMB share price broken RM5.05 level than the price may hit back to RM 5.30 and before or after the report roll out ( if it is positive ) the price may rally up to RM5.50

Now most of the bank share price already hits history high since 2008 so only AMMB no yet. I see AMMB share price still have room to make profit and if can take high risk may look into AMMB call warrants.

AMMB 3Q2010 Net Profit Grew 12% q-o-q to RM268m,

AMMB is a high beta banking stock and a good proxy for the Malaysian capital markets, before the report roll out AMMB share price drop at high RM 5.30 to RM 4.50 since begin of the month of Feb. I think the fund manager is making a panic sale down on AMMB share to accumulative. Now the report result is out so I think the price may go up back to RM5.00 before any profit taking by fund manager. During the panic selling I had keep some AMMB-CG so now is the time to take profit.

AMMB Hits By Panic Selling About To Rebounds

Last week during FBM KLCI or world share market index drop, AMMB is one of the share hits by heavy panic selling and the price start to rebound at support line RM4.84 however the rebound rally will need to be ensure by this two trading days. If the price drop below RM 4.80 AMMB share price will be hard to return back to RM5.00

AMMB 3Q2009 is about to roll out by this month and this news may likely to give some momentum to the price. For me I think if the result is good sure next week will be some accumulation of share so to maximum the profit in short term AMMB-CG will be the right tool.