Publicbank
SBI - breakout - longSBI 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 possible retrace back to ≈ 3.60. 26/6/21....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 ....
Is this the signal of Trend Reversal?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 uptrend.
What is your take?