Public Bank’s sideways consolidation may end after it closed at its highest in 5 months yesterday. Thus, a purchase can be made above RM13.80, with a close below the 5-month low of RM13.60 as stop-loss. The price target is RM15.50, with resistance also expected at RM15.00. Failure to stay above RM13.80 could see a return in selling, with the trigger of the stop-loss as confirmation. Supports are at RM12.90 and RM12.65.
Source: OSK
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