PKB

PKB remains in a Stage 4 decline with medium-term bearish control evident through lower highs and lower lows below its declining short-term EMAs. However, oversold conditions and support at the rising 200-day SMA suggest potential short-term relief rallies, so selling should be deferred into overhead resistance around the 9- and 20-day EMAs. The longer-term uptrend above the 200-day SMA remains intact but does not override intermediate bearish pressure.

• ↑1.8% price gain over two weeks; buy pivot signal on Jul 29
• ↑New home prices rebound above affordability, driving material demand
• ↓P/E at 25.21 may pressure valuations absent earnings growth