KUALA LUMPUR (Aug 3): RHB Retail Research said Public Bank Bhd is looking to propel towards its historical high as it inched higher towards the RM4.69 immediate resistance on Tuesday (Aug 2) following the recent pullback.

In a trading stocks note on Wednesday, the research house said if the stock manages to break above that level, the bulls are expected to propel the stock towards the historical high marked at RM4.79 — April 4’s high — before printing a new high at RM5.

“If it falls below the RM4.59 support, the recent uptrend movement may reverse, as it forms a 'lower low' bearish pattern,” it said.