YTL Corporation broken out from its 2-week bullish pennant pattern on Friday, implying that its previous uptrend may have resumed. With the stock posting a long white candle and closing near its multi-year high, upward momentum may be present now. A bullish bias may emerge above the RM0.95 level, with a stop-loss set at RM0.87, below the 20-day EMA. Towards the upside, near-term resistance level is seen at RM1.05, followed by RM1.10.

Entry : RM0.95–0.975

Target : RM1.05, RM1.10

Exit : RM0.87

Source: AmInvest Research - 19 Jun 2023