2488 (BURSA MALAYSIA)

2488 BURSA MALAYSIA

Alliance Bank Malaysia

SELL

4.7600

Prev.Close

4.8300

Change

-0.0700

Change%

-1.45%

BEARISH DESCENDING HAWK

Sold at

4.8000

Open

4.8200

High

4.8300

Low

4.7600

Gain%

-0.83%

Signal History

Date	Price	Signal	Change%		MYR100⇨
24/06	4.8000	SELL	-0.8%		97
18/06	4.8200	BUY	-0.4%	❌	98
09/06	4.6600	SELL	+3.4%	❌	98
05/06	4.6900	BUY	-0.6%	❌	99
18/05	4.9200	SELL	-4.7%	✔	100
06/05	4.7300	BUY	+4.0%	✔	96
29/04	4.7000	SELL	+0.6%	❌	96
17/04	4.6700	BUY	+0.6%	✔	96
03/04	4.7300	SELL	-1.3%	✔	97
01/04	4.8800	BUY	-3.1%	❌	100
24/03	5.0400	SELL	-3.2%	✔	100
12/03	4.9100	BUY	+2.6%	✔	98
03/03	4.9900	SELL	-1.6%	✔	99
23/02	5.2100	BUY	-4.2%	❌	103
13/02	5.2900	SELL	-1.5%	✔	104
04/02	5.2700	BUY	+0.4%	✔	104
29/01	5.1900	SELL	+1.5%	❌	104
26/01	5.2400	BUY	-1.0%	❌	106
16/01	5.4200	SELL	-3.3%	✔	106
09/01	5.0650	BUY	+7.0%	✔	100

† Trade commissions are taken as 0.40%.

Pattern & Confirmation Chart for the Last 6 Months

Signal Update

Today's recommendation from our system is to SELL. The BEARISH DESCENDING HAWK pattern has finally received confirmation because the prices crossed below the confirmation level at 4.8200, and our valid average selling price now stands at 4.8000. The previous BUY signal was issued on 18/06/2026, 6 days ago, when the stock price was 4.8200. Since then, 2488 has fallen by -0.41%.

Market Outlook

We may be at a market top or at the beginning of a correction. The market has lost momentum, and traders are now more aligned in their bearish outlook. The compelling evidence suggests it's prudent to consider closing long positions. Today’s candlestick has a black body and its close is below the confirmation level. The bearish pattern that was previously identified is finally confirmed and a <SELL signal is generated. You still have time to act on the signal, and then you can begin evaluating other securities for a potential bullish bet.

Pattern Description

This pattern features a small white candlestick enclosed within a preceding, relatively longer white candlestick. It resembles the Harami pattern, but with both candlesticks being white. more...

Date	Price	Signal	Change%		MYR100⇨
24/06	4.8000	SELL	-0.8%		121
18/06	4.8200	BUY	-0.4%	❌	122
09/06	4.6600	SELL	+3.4%	❌	122
05/06	4.6900	BUY	-0.6%	❌	123
18/05	4.9200	SELL	-4.7%	✔	124
06/05	4.7300	BUY	+4.0%	✔	120
29/04	4.7000	SELL	+0.6%	❌	120
17/04	4.6700	BUY	+0.6%	✔	120
03/04	4.7300	SELL	-1.3%	✔	120
01/04	4.8800	BUY	-3.1%	❌	125
24/03	5.0400	SELL	-3.2%	✔	125
12/03	4.9100	BUY	+2.6%	✔	122
03/03	4.9900	SELL	-1.6%	✔	123
23/02	5.2100	BUY	-4.2%	❌	129
13/02	5.2900	SELL	-1.5%	✔	129
04/02	5.2700	BUY	+0.4%	✔	129
29/01	5.1900	SELL	+1.5%	❌	130
26/01	5.2400	BUY	-1.0%	❌	132
16/01	5.4200	SELL	-3.3%	✔	132
09/01	5.0650	BUY	+7.0%	✔	124
26/12	4.9800	SELL	+1.7%	❌	124
19/12	4.7450	BUY	+5.0%	✔	119
11/12	4.6300	SELL	+2.5%	❌	120
03/12	4.7600	BUY	-2.7%	❌	123
27/11	4.6600	SELL	+2.1%	❌	124
24/11	4.5000	BUY	+3.6%	✔	120
19/11	4.4500	SELL	+1.1%	❌	121
17/11	4.4800	BUY	-0.7%	❌	122
06/11	4.4700	SELL	+0.2%	❌	122
30/10	4.4400	BUY	+0.7%	✔	122
07/10	4.5400	SELL	-2.2%	✔	123
29/09	4.3550	BUY	+4.2%	✔	118
03/09	4.4900	SELL	-3.0%	✔	118
26/08	4.5700	BUY	-1.8%	❌	121
22/08	4.5200	SELL	+1.1%	❌	122
19/08	4.6100	BUY	-2.0%	❌	124
15/08	4.5800	SELL	+0.7%	❌	125
13/08	4.5800	BUY	0.0%	❌	125
08/08	4.5400	SELL	+0.9%	❌	126
06/08	4.6300	BUY	-1.9%	❌	129