YTL Corporation surged to a new multi-year high and closed above the RM2.00 psychological mark yesterday, which likely
indicates the return of buying interest. As the stock also broke out of a 3-week bullish pennant pattern, it may see additional
strength in the near term. A bullish bias may emerge above the RM1.95 level with stop-loss set at RM1.68, below the 50-day
EMA. Towards the upside, near-term resistance level is seen at RM2.20, followed by RM2.40.

Entry : RM1.95–2.01Target : RM2.20, RM2.40Exit : RM1.68 

Source: AmInvest Research - 4 Jan 2024