Public Bank has retraced in its lastest session with high trading volume.Once the selling is over, it may rebound higher. If it closes above resistance price RM19.70, the upward momentum may return. The bullish momentum may push the price towards a short-term target of RM20.40 followed by RM21.00. Support is anticipated at RM19.06, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM19.70
Target: RM20.40, RM21.00 (time frame: 3-6 weeks)
Exit: RM19.06

Source: AmInvest Research - 27 Nov 2019