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.

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Investment Idea

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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