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.

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