YTL Power International crossed the RM0.89 level in its latest session. With a moderate RSI level, it may move higher above this mark with a target price of RM1.00. Meanwhile, it may continue to drift sideways if it falls back below the RM0.89 mark in the near term. In this case, support is anticipated at RM0.825, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on further rebound above RM0.89

Target: RM1.00 (time frame: 3-6 weeks)

Exit: RM0.825

Source: AmInvest Research - 17 Jan 2019