KUALA LUMPUR (April 5): RHB Retail Research said Public Bank Bhd’s uptrend is considered intact as it still remains above the 21-day SMA line.

In a trading stocks note today, the research house said in view of the positive slopes of the 21-day and 55-day SMA lines, this has enhanced the positive sentiment.

“A bullish bias may emerge above the RM23.68 level, with an exit set below the RM22.80 threshold.

“Towards the upside, the immediate resistance is at RM24.50. This is followed by the RM25.00 level,” it said.