PBBANK may completed wave D ( Yellow) of Bullish Triangle Pattern while waiting for Malaysia Budget 2022 Dated on 29/)ct/2021. Price of Public Bank may retrace back just below Rm4.00 before resuming its up trend..
SBI has a breakout as shown on the charts. As suggested in the previous linked post, my bias was long SBI and this could be a good time to add to position. If price comeback and closes back into the channel, we look to close short term trades. Positional investors can hold and look for further price changes
Public Bank Price Seem ranging above 4.00 and may form a bullish descending triangle . Price Could hovering around RM4.00 again at wave E (Yellow) of triangle before resuming its uptrend toward above Rm6.00..
PUBLIC Bank price possible having a pullback toward around RM3.60 that is about -14% from current Price Closed level : Rm4.19 before resuming its uptrend toward around RM8.35 . where there is a confluence of 1) Up Trend Line Support Since March 2020 low ...2) Next Major Demand Zone ....
It look like public Bank in the Reversal From last Feb 2019, it start drop And the downtrend is resisted by 50EMA (Expontetial Moving Avereage) And last March 2020, it V-shape rebound and break above 50EMA And create a "higher high" (2 times) & "higher low" (2 times). if coming week, it trade high, not break down to the lower trendline (Blue) then, it confirm...
Public Bank potential play after break out from major downtrend line