Kenanga Research & Investment
Highlights / Stock Picks of the Day - Yee Lee Corporation Bhd (YEELEE) – Not Rated
YEELEE’s uptrending technical picture became firmer after the share price surged 5 sen to close at RM1.31 as the market speculated on the release of positive financial results, expected to be released in a few weeks. YEELEE is attempting to re-test the
overhead diagonal resistance and Fibonacci resistance @RM1.32, supported by improving buying momentum. A breakout above the resistance could stage the resumption of uptrend towards RM1.46 (previous high @18-Jul-2013). On the flip side, immediate support is pegged at RM1.23.
Source: Kenanga
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