PBBANK: Volatility narrowing significantly. Big move coming
Since bank shares rallied in Nov and Dec 2020, PBBANK has been trading sideways for the past 6 months. Despite constant selling by EPF, the share price has sustained above RM4
Bollinger band and volatility has narrowed significantly over the past 6 months, especially in the past 4 weeks.
1st band: 14%
2nd band: 11%
3rd band: 9%
4th band: 3%
5th band: 2.5%
6th band: 2%
Expect a big move soon.
Bollinger band and volatility has narrowed significantly over the past 6 months, especially in the past 4 weeks.
1st band: 14%
2nd band: 11%
3rd band: 9%
4th band: 3%
5th band: 2.5%
6th band: 2%
Expect a big move soon.