Practice Makes Perfect
YTL - Touch 1.40 Support Level?!
Chin Kok Tan
Publish date: Fri, 29 Jul 2011, 07:47 PM
Chin Kok Tan
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CK>> A black candlestick with high volume, it is a sign of panic selling. YTL close at RM1.40, its strongest support level ever for these two years. Based on candlestick today, there is no sign of reversal. Any sign of Bullish reversal will be a good time to take your position.
Will it continues to fall or has a strong technical rebound next week? Let's see how is the results from US about its debt ceiling issue.
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Be the first to like this. Showing 6 of 6 comments
Erm... To be safe, why dont let it drop to whatever price, dont care first, and grab back only when it trades above 1.40? Haha... Dont catch falling knife lo~
2011-07-30 20:13
you are right bro.it is better for us to keep the cash cause cash is king.
2011-07-31 23:22
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It looks bearish in the short term and most likely may drop below 1.40 next week.
2011-07-29 23:14