AmInvest Research Reports

Stock on Radar - YTL Power International

AmInvest
Publish date: Thu, 23 Mar 2023, 09:30 AM
AmInvest
0 8,610
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YTL Power International’s buying interest is back after it broke out of the 2-week bullish flag pattern with a long white candle yesterday. With the 20-day EMA remaining above the 50-day EMA since the bullish crossover in early Dec22, the uptrend may continue in the near term. A bullish bias may emerge above the RM0.87 level, with a stop-loss set at RM0.82, below the 20-day EMA. Towards the upside, the near-term resistance level is seen at RM0.95, followed by RM1.00.

Entry : RM0.87–0.89

Target : RM0.95, RM1.00

Exit : RM0.82

Source: AmInvest Research - 23 Mar 2023

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