Looking at the 200MA over daily chart stretch back to 2006, you notice big players do support at 200MA i.e. rm10.50 this time over the longer period.
But if they anticipated that PB Bank can go down further due to this bearish market, they wud wait before supporting or buying the counter.
They are smart too and prefer to pick the counter at a lower price.
Wait for the base to build first. PB Bank might recover back to rm10.50 and the resistance of 200ma must be broken before it can resume its uptrend.
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