<div class=newsTextDataWrapInner>KUALA LUMPUR (Sept 2): RHB Retail Research said Alliance Bank Malaysia Bhd is poised for a breakout after rebounding within the sideways range on Tuesday (Aug 30), as it surpassed the 21-day average line, on top of the improved trading volume.</div>

<div class=newsTextDataWrapInner>In a trading stocks note on Friday, the research house said if the breakout above the RM3.60 immediate resistance level happens, the positive momentum may propel the stock towards the next resistance of RM3.71 or April 22’s high, followed by RM3.83, the highest level recorded since February 2019.</div>

<div class=newsTextDataWrapInner>“However, the stock may reverse direction if it falls below the RM3.48 support — as it may form a 'lower low' bearish pattern below the 21-day average line,” it said.</div><div class=inPageAd id=div-gpt-ad-inpage></div>

KUALA LUMPUR (Sept 2): RHB Retail Research said Alliance Bank Malaysia Bhd is poised for a breakout after rebounding within the sideways range on Tuesday (Aug 30), as it surpassed the 21-day average line, on top of the improved trading volume.

In a trading stocks note on Friday, the res...

Alliance Bank Malaysia poised for a breakout, says RHB Retail Research 

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“As a part of aligning our resources with our largest growth opportunities, we are taking a number of targeted steps that will unfortunately result in reducing our global workforce by approximately 4%,” the company said in a statement on Wednesday.&nbsp;

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