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[HC]

Public Bank Bhd (1295) (2009-09-04 Closing Price RM 9.95)

Price is now supported on a up trend line.  Immediate resistance of this bounce is 10.40.

[HC]

Public Bank Bhd (1295) (2009-09-11 Closing Price RM 10.30)

A long white candle is testing the last significant high 10.30, while the volume is on the surge.  I think price will break above 10.30.

[HC]

Public Bank Bhd (1295) (2009-09-18 Closing Price RM 10.24)

It looks to me now this is doing a flag formation with upside breakout target of 10.50-10.60.

[HC]

Public Bank Bhd (1295) (2009-10-02 Closing Price RM 10.18)

Price now moves out from the up channel, and the previously mentioned flag formation has dragged too long and now become invalid.  For trading purpose I will be trimming my holding, and exit if price break support at 10.10 on high volume.

[HC]

Public Bank Bhd (1295) (2009-10-09 Closing Price RM 10.48)

I was wrong, price broke the congestion zone and charged higher, peaking at a high of 10.54 on 2009-10-09.  But now price is facing multiple resistance and there is a triple bearish divergence seen from the RSI and volume, I will be tightening my stop on my remaining portion, to say 10.23, just below the flag breakout candle's low.