Pullback deeper or can buy ady?Malayan Banking Bhd.MYX_DLY:MAYBANKAimanRHB*MAYBANK* We are currently observing a sharp pullback for Maybank, but there is no cause for alarm as the overall trend remains *firmly bullish* . This movement is deemed as a healthy correction within an established uptrend, allowing the stock to digest recent gains. Technically, the price is currently hovering around the Golden Ratio (50-61.8%) Fibonacci retracement level. While our banking analyst notes that Maybank’s results are in line with expectations, the current chart pattern suggests there may still be room for further minor correction at this juncture. For investors looking for a more attractive entry point, it may be prudent to wait for a deeper discount closer to the MYR11.50 mark, which aligns with our support zone. Our key support levels are established at *MYR11.50 (S1)* , followed by *MYR11.10 (S2)* and *MYR10.70 (S3)* . On the upside, we have pegged immediate resistance at MYR12.20, with a secondary target at MYR12.70. ♦️Aiman Kamil, RHB Research