Yew Lee Pacific Group Bhd (KLSE:YEWLEE) had hit its’ Ex-Date for the 2-for-1 warrant corporate exercise, resulting in RM0.355 as its’ opening price on 27^th January 2023. However, the candlestick on 27^th January 2023 had shown a strong rebound from low of RM0.350 up to RM0.380, while closing with RM0.365 by the end of day.

This candlestick had shown that interest are still in the share although warrant issuance had been completed, and the share held well above the RM0.360 support level. We expect YEWLEE to challenge to fill its’ previous gaps up to RM0.395, representing a trading opportunity to the weeks to come.