PBBank may have a bullish breakout
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PBBank may have a bullish breakout
PBBank broke above its horizontal line at RM13.20 yesterday. The only other time that it has done so was on February 10 when it hit a high of RM13.30 & retreated back into the trading range of RM13.00 & 13.20. The MACD & ADX indicators are slowly swinging up- thus signaling the stock's potential upside breakout could be genuine. The other thing lacking is an increase in volume. If the stock stays above the RM13.30 level for the next few days, I believe the breakout is good to go.
For those with a more aggressive appetite, you may try PBBank-CP & PBBank-CQ. I ruled out PBBank-CN & PBBank-JA as they are expiring this month. PBBank-CO has a premium of 6% and it is expiring in September. For a slightly high premium, PBBank-CP & PBBank-CQ would buy you another 7 months duration- pushing the expiriy date to April next year.
For those with a more aggressive appetite, you may try PBBank-CP & PBBank-CQ. I ruled out PBBank-CN & PBBank-JA as they are expiring this month. PBBank-CO has a premium of 6% and it is expiring in September. For a slightly high premium, PBBank-CP & PBBank-CQ would buy you another 7 months duration- pushing the expiriy date to April next year.
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