RHB Retail Research
Trading Stocks - Public Bank
Public Bank is set for a rebound after it attempted to breach the immediate resistance yesterday. Trading volume surged, indicating buying interest is gaining traction. If it crosses above the immediate resistance level of MYR4.20, a bullish bias should emerge. The bullish momentum may propel the stock towards the MYR4.30 resistance level, followed by MYR4.36. However, if the stock reverses below the MYR4.16 support level, this trading set up would be nullified.
Source: RHB Securities Research - 21 May 2021
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