Rakuten Trade Research Reports
Technical View - Public Bank Bhd
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Publish date: Tue, 15 Mar 2022, 09:47 AM
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All materials published here are prepared by Rakuten Trade. For latest offers on Rakuten Trade products and news, please refer to: https://www.rakutentrade.my/
To sign up for an account: http://bit.ly/40BNqKI
Rakuten Trade
Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my
Public Bank Bhd (PBBANK, 1295)
• Share price closed 0.9% higher at RM4.44 on Monday.
• PBBANK has been trading on an uptrend mode since 7 Dec 2021 and is trading above all key moving averages now.
• Coupled with uptick in its indicators and uptrend movement, we anticipate the share price to move higher.
• Resistance levels are identified at RM4.52 (R1) and RM4.59 (R2).
• On the flipside, support levels are pegged at RM4.40 (S1) and RM4.28 (S2).
Source: Rakuten Research - 15 Mar 2022
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