Thursday, October 8, 2020

Technical Analysis Oct 2020: PBBANK (Bursa: 1295)


Public Bank Berhad (Bursa: 1295)

Observation from Chart: 

PBBANK (Bursa: 1295) forming lower low lower high. 

Will it breakout downtrend line resistance? 

Other indicator:- 
MACD at negative region, downtrend sign.  
Stochastic %K on BUY call itinerary. 

Immediate support @ RM15.15 level. 
Subsequent support @ RM14.50 level.

Immediate resistance @ downtrend line level. 
Subsequent resistance @ RM16.50 level. 

Let's watch closely Disclaimer

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