AmInvest Research Reports
Stocks on Radar - Public Bank (1295)
AmInvest
Publish date: Wed, 27 Nov 2019, 08:51 AM
AmInvest
0 9,057
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All materials published here are prepared by AmInvest. For latest offers on AmInvest trading products and news, please refer to: https://www.aminvest.com/eng/Pages/home.aspx
Tel: +603 2036 1800 / +603 2032 2888
Fax: +603 2031 5210
Email: enquiries@aminvest.com
Office Hours
Monday to Thursday: 8:45am – 5:45pm
Friday: 8:45am – 5:00pm
(GMT +08:00 Malaysia)
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
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