RHB Retail Research
Trading Stocks - Public Bank
Public Bank is poised to propel higher as it rebounded from the recent pullback, heading towards the recent high of MYR4.25. If it manages to surpass that level, the bullish bias is expected to emerge, bringing the stock higher towards the MYR4.49 level, followed by MYR4.97 or the 52-week high. Conversely, falling below the MYR4.19 support would trigger selling pressure and reverse the momentum, thereby sparking a downtrend.
Source: RHB Securities Research - 31 Jan 2022
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