We expect further upside for YBS International as it has taken out the 5-month downtrend line a few candles back. As its 20- day and 50-day EMAs are converging now and are likely to turn up in the near term, the bullish momentum is rising. A bullish bias may emerge above the RM0.55 level, with a stop-loss set at RM0.52, below the 50-day EMA. Towards the upside, the nearterm resistance level is seen at RM0.65, followed by RM0.70.

Entry : RM0.55–0.595

Target : RM0.65, RM0.70

Exit : RM0.52

Source: AmInvest Research - 3 Jun 2022