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AmInvest Research Reports

Author: AmInvest   |   Latest post: Fri, 23 Aug 2019, 5:00 PM

 

Stocks On Radar - YTL Corporation (4677)

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YTL Corporation breached the RM1.15 mark to close at its intraday high. With a moderate RSI level, a bullish bias may be present above this mark with a target price of RM1.23, followed by RM1.30. Meanwhile, it may turn sideways if it falls back below the RM1.15 mark in the near term. In this case, the immediate support is anticipated at RM1.07, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on further rebound above RM1.15

Target: RM1.23, RM1.30 (time frame: 3-6 weeks)

Exit: RM1.07

Source: AmInvest Research - 29 Nov 2018

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Labels: YTL

Related Stocks

Chart Stock Name Last Change Volume 
YTL 1.01 +0.02 (2.02%) 1,244,500 

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