Public Bank (1295) formed a higher highs and higher lows since Dec 2021. Besides that, prices recently breached the RM4.59 level (red highlighted line). Its EMA10-EMA20 also in golden cross. Hence these price actions and indicator suggest further upside for Public Bank. to-date. Upside resistance are RM4.81 and RM4.97, both levels are Fibonacci Extension’s 1.272 and 1.618 levels, derived from low of RM4.25 and recent high of RM4.695. Downside support is RM4.40. Traders need to be aware of this level as a break below the said level could trigger strong downside pressure.