PBBANK A Bullish Sign In Short Term

PBBANK chart is showing a bullish sign in short term. After rally to hits RM12.90, PBBANK share had correction to below RM12.60 level. This correction is the bullish sign for the price to move up more.

However the price for this share is high so PBBANK-CM and PBBANK-CN will had a better profit opportunity. Both warrants are more that 100 days of expire.

PBBANK-CM Premium 3% Maturity Date 04 Feb 2011 Price 0.19 Exercise Price RM11.00
PBBANK-CN Premium 4% Maturity Date 28 July 2011 Price 0.15 Exercise Price RM11.88

In short term USD may weak more again Ringgit plus budget 2011 will be review at mid month so this month FBM KLCI may supported well.

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