YTL Corporation surged past the resistance level of RM0.975 in the latest session. With a rising RSI, a bullish bias may be present above this mark with the short-term target prices of RM1.03 and RM1.07. In this case, the downside support is anticipated at RM0.94, whereby traders may exit on a breach to avoid the risk of a further correction.
Trading Call: Buy on continuation near RM0.975
Target: RM1.03, RM1.07 (time frame: 3-6 weeks)
Exit: RM0.94
Source: AmInvest Research - 13 Feb 2020
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