Practice Makes Perfect

YTL - DOJI Formed, Another Good Buy?

Chin Kok Tan
Publish date: Wed, 27 Jul 2011, 12:19 AM
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CK>> Personally feel it is a good buy now! YTL, one of the worst among 30 KLCI index link counters. KLCI keeps making new record HIGH while as an index linked counter, YTL, work in opposite direction, keeps challenging its new LOW in year 2011.

A DOJI formed at the current 1.44 level, with RSI below 30%, I would feel like it is a good time to accumulate this conglomerate giant. A tight cut loss should set at 1.40 level. Any drop below this level would trigger an execution of immediate cut loss.

Cheers!
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