Public Bank has made a new high

Public Bank made a high of RM7.80 in February 2005. It managed to exceed this high marginally on December 7 last year (when it made a high of RM7.90). Public Bank has been testing this new high of RM7.90 & the psychological RM8.00 level in the past 4 days; again making a new high of RM8.05. At 9.25 a.m. this morning, Public Bank has exceeded the latest high of RM8.05 when it traded at RM8.10. I believe Public Bank's upside move could finally be on its way. Buy Public Bank now.


Chart 1: Public Bank's monthly chart as at Jan 17


Chart 2: Public Bank's daily chart as at Jan 17