AmInvest Research Reports

Stock on Radar - YX Precious Metals

AmInvest
Publish date: Thu, 22 Dec 2022, 09:21 AM
AmInvest
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We expect further upside for YX Precious Metals after it broke above the RM0.24 resistance and surged to 5-month high
yesterday. As the 20-day and 50-day EMAs have established their bullish crossover since late November, the current bullish
momentum may continue in the near term. A bullish bias may emerge above the RM0.24 level, with a stop-loss set at RM0.21,
below the 20-day EMA. Towards the upside, the near-term resistance level is seen at RM0.28, followed by RM0.30.


Entry : RM0.24–0.26
Target : RM0.28, RM0.30
Exit : RM0.21

 

Source: AmInvest Research - 22 Dec 2022

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