Public bank have made a call on 24/11/2020 with the target price of RM0.730.
At current price, it expected to forming wave 2.
From my view, the price fell with sign of healthy retracement because;
1. Price had stop at Fibonacci of 0.618 from leg of wave 1.
2. Volume also diminished during the retracement.
This publication just for study purpose, not a buy...
With news of private placement, where SERBA will go? we will see later.
All drawing on the chart as shown just for education purpose, any execution from you at your own risk. TAYOR
