The Private Bank index is currently experiencing a positive upward trend.
It previously established a Cup & Handle pattern, and following a breakout, the index saw substantial gains, consistently recording higher highs and lows.
After hitting an all-time high near the 26,650 level, the Private Bank index retraced to its immediate support zone and is now rising once more.
With a significant increase of almost 2.7% last week, the index seems to be in a bullish phase at present.
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