RHB Retail Research
Technical Analysis - Public Bank
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Public Bank may move higher after it continued holding above the MYR22.36 support. Last Friday’s white candle has engulfed the prior one to form a “Bullish Engulfing” pattern, implying a potential rebound. A bullish bias may appear above the MYR22.36 level, with an exit set below the MYR22.36 threshold. Towards the upside, the near-term resistance is at MYR23.50. This is followed by the MYR24.50 level.
Source: RHB Securities Research - 25 Jun 2018
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