Today, PBBANK made a nice big move with big volume, nice to see when it's your 2nd largest position!

I previously blogged about PBBANK's recovery power here before early August dip, with the last update here.

Today's daily chart showed a couple of important breakouts, with large green daily volume.  

• With RM strengthening, likely foreign funds are buying (but the reasons doesn't matter).
  
• Daily RSI is extended.  Some small pullback expected, but I won't sell as it's way way too early to even think of selling.

Weekly chart shows potential to:

• Climb to the midpoint of the channel
  
• On its way break a couple of horizontal resistance.
• Heading towards RM4.97/5 resistance.
• Eventually challenge new highs at RM5.23.

Monthly chart shows its long term potential:

• The stock is on its long term uptrend.  If it breaks 5.23, then, this one can run in light of nearly 5 year consolidation since 2019 peak.
  

Summary and Conclusion

I previously blogged that this is a stock that is good to "Buy and Hold" for a long time.   

It's a great business with resilience and recovery power.   

It's the kind of stock that we should buy as price got cheaper, as what happened after my May article here.  

This is indeed a SWAN stock (Sleep Well At Night).   

I previously shared that the dividend yield is decent and can be reasonably expected to grow. 

Feeling thankful that I was able to accumulate the past couple months, lowest accumulation price at RM4, to make this my 2nd largest position, 2nd only to MAYBANK.  

Thank-you Mr Market!

Disclaimer:  As usual, you are fully responsible for your investing and trading decisions.

PS.  PBBANK is an investing stock for the longer term, less suitable for trading.