Yinson Holdings was testing the RM4.65 level in its latest session. With a rising RSI level, it may move higher above this point with a target price of RM4.90, followed by RM5.07. Meanwhile, it may continue to drift sideways if it fails to breach the RM4.65 level in the near term. In this case, support is anticipated at RM4.40, whereby traders may exit on a breach to avoid the risk of further correction.

Trading Call: Buy on further rebound above RM4.65

Target: RM4.90, RM5.07 (time frame: 3-6 weeks)

Exit: RM4.40

Source: AmInvest Research - 27 Mar 2019