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Rakuten Trade Research Reports

Author: rakutentrade   |   Latest post: Fri, 22 Nov 2019, 9:44 AM

 

Technical View - Yong Tai Bhd (YONGTAI, 7066)

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Yong Tai Bhd (7066)

• YONGTAI rose 2 sen or 11.1% to RM0.20 yesterday.

• Share price hit a 52-week low of RM0.165 recently and managed to rebound to RM0.20 level on the back of improving trading volume. With the upticks on key momentum indicators, this could suggest the potential continuation of a rebound.

• As such, resistance levels are seen at RM0.250 (R1) and RM0.285 (R2).

• On the flipside, downside support levels are expected at RM0.180 (S1) and RM0.165 (S2).

Source: Rakuten Research - 18 Oct 2019

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Labels: YONGTAI

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