• Target Price: RM1.47; RM1.60
• Last closing price: RM1.38
• Potential return: 6.5%, 15.9%
• Support: RM1.36
• Stop Loss: RM1.27

Possible for further upside. YONGTAI’s share price was retesting previous support level in the past few days. Putting “buy the dips” strategy into practice, easing RSI and MACD indicators currently signal reasonable entry level. Should the price then rebound, it may continue to lift price higher to the subsequent resistance levels of RM1.47 and RM1.60.

However, failure to hold onto support level of RM1.36 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 10 Aug 2017