RHB Investment Research Reports
Trading Stocks - Public Bank
rhbinvest
Publish date: Mon, 05 Feb 2024, 12:40 PM
rhbinvest
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An official blog in I3investor to publish research reports provided by RHB Research team.
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
Public Bank is eyeing to extend its bullish movement after breaking past a key resistance. The stock is trading at a multimonth high after it broke past the MYR4.40 resistance. The 21- day SMA line is pointing upwards, showing that the short-term trend is bullish. As such, expect another leg on the upside to test MYR4.60,followed byMYR4.80.On the flipside, falling below the MYR4.25 support will negate the positive expectation.
Source: RHB Securities Research - 5 Feb 2024
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