Y.S.P. Southeast Asia may rise higher after it posted a long white candle and hit a new multi-year high on Friday. With the 20- day EMA remaining above the 50-day EMA since the bullish crossover in late Oct22, the uptrend may continue in the near term. A bullish bias may emerge above the RM2.60 level, with a stop-loss set at RM2.38, below the 50-day EMA. Towards the upside, the near-term resistance level is seen at RM2.80, followed by RM3.00.

Entry : RM2.60–2.64

Target : RM2.80, RM3.00

Exit : RM2.38

Source: AmInvest Research - 13 Feb 2023