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fightingdragons

PBBANK: Volatility narrowing significantly. Big move coming

Long
PUBLIC BANK BHD (MYX:PBBANK)  
fightingdragons  
MYX:PBBANK   PUBLIC BANK BHD
Trend Analysis Chart Patterns Technical Indicators klci pbbank
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trendanalysis chartpattern indicator klci pbbank
Since bank shares rallied in Nov and Dec 2020, PBBANK has been trading sideways for the past 6 months. Despite constant selling by EPF, the share price has sustained above RM4

Bollinger band and volatility has narrowed significantly over the past 6 months, especially in the past 4 weeks.

1st band: 14%
2nd band: 11%
3rd band: 9%
4th band: 3%
5th band: 2.5%
6th band: 2%

Expect a big move soon.
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