We expect further upside in YBS International after it recouped the previous week’s losses and pushed higher from its RM0.57 low yesterday. With the 20-day EMA remaining above the 50-day EMA since the bullish crossover in early August, the uptrend may continue in the near term. A bullish bias may emerge above the RM0.63 level, with a stop-loss set at RM0.56, below 22 Aug’s low. Towards the upside, the near-term resistance level is seen at RM0.70, followed by RM0.75.

Entry : RM0.63–0.655

Target : RM0.70, RM0.75

Exit : RM0.56

Source: AmInvest Research - 24 Aug 2022