YTL Corporation breached the RM0.95 level in its latest session. With an RSI level above 50%, a bullish bias may be present above this point with a target price of RM1.01, followed by RM1.05. Meanwhile, it may turn sideways if it dips back below the RM0.95 mark in the near term. In this case, support is anticipated at RM0.91 whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on continuation above RM0.95

Target: RM1.01, RM1.05 (time frame: 3-6 weeks)

Exit: RM0.91

Source: AmInvest Research - 9 Oct 2019