We expect further upside for YTL Corporation after posting a long white candle and hit a new 52-week high on Wednesday. Given that the stock has broken out from the 1-month bullish flag pattern, the uptrend may persist in the near term. A bullish bias may emerge above the RM0.97 level, with stop-loss set at RM0.89, below the 20-day EMA. Towards the upside, near-term resistance level is seen at RM1.10, followed by RM1.20.

Entry : RM0.97–1.00

Target : RM1.10, RM1.20

Exit : RM0.89

Source: AmInvest Research - 30 Jun 2023