YTL Power has been consolidating sideways during the last few sessions, with an immediate resistance price of RM0.76. With an RSI above 50%, it may break above the resistance level in the upcoming sessions. If this happens, the short-term target prices will be RM0.80 and RM0.84. In this case, support is anticipated at RM0.715, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on continuation above RM0.76

Target: RM0.80, RM0.84 (time frame: 3-6 weeks)

Exit: RM0.715

Source: AmInvest Research - 17 Sept 2019