Public bank have made a call on 24/11/2020 with the target price of RM0.730.
At current price, it expected to forming wave 2.
From my view, the price fell with sign of healthy retracement because;
1. Price had stop at Fibonacci of 0.618 from leg of wave 1.
2. Volume also diminished during the retracement.
This publication just for study purpose, not a buy call. Trade at your own risk.
At current price, it expected to forming wave 2.
From my view, the price fell with sign of healthy retracement because;
1. Price had stop at Fibonacci of 0.618 from leg of wave 1.
2. Volume also diminished during the retracement.
This publication just for study purpose, not a buy call. Trade at your own risk.