• Since beginning of March 2015, sideway consolidation on daily chart appears to be trading within the “Accumulation Phas e”, as indicated also by narrowing Bollinger band. Moreover, YGL’s share price is likely to stage a strong technical rebound to widen its daily Bollinger band this week following 8 black candlesticks on weekly chart.
• Oscillator-wise, reading from daily and weekly RSI, MACD and Slow Stochastics showed that buying momentum is picking up pace in immediate term. Hence, we are looking at target prices of RM0.33, RM0.345 and RM0.365.
• However, always prepared to set cut loss if situation changes. Support at RM0.295 with cut loss below RM0.285.

Source: Hong Leong Investment Bank Research - 15 Apr 2015