YINSON

Sector: Energy (Energy Infrastructure, Equipment & Services )

Analysed on 14/11/2021

After hit the year high at RM6.35, YINSON price retraced and stay above support at RM5.78. YINSON traded at RM5.88 on last Friday with immediate resistance and support at RM6.35 and RM5.78 respectively. Both EMA25 and EMA50 are trending upward which provides an indication that YINSON is still on uptrend. In a statement on last Friday (Nov 12), Petrobras said it had inked a letter of intent with Yinson’s unit Yinson Production Pte Ltd for the chartering and provision of FPSO services for the Parque das Baleias project. With this positive news, YINSON will be able to gain more attention from investors. Let’s monitor whether YINSON able to break its year high.

Reason to monitor: Secure of new contract 

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