YBS International broke out from its 5-week ascending triangle pattern with a white candle a few sessions ago, implying that a bullish reversal sign may have occurred. In view that the 20-day and 50-day EMAs are starting to turn upwards, a positive outlook can be expected here. A bullish bias may emerge above the RM0.67 level, with a stop-loss set at RM0.61, below 1 Nov’s low. Towards the upside, the near-term resistance level is seen at RM0.75, followed by RM0.78.

Entry : RM0.67–0.70

Target : RM0.75, RM0.78

Exit : RM0.61

Source: AmInvest Research - 11 Nov 2022