Yesterday, YSPSAH rose 7 sen (+4.4%) to settle at RM1.66. Trading volume was remarkably strong over the past few days. Chart-wise, YSPSAH’s share price has broken out from its multi-year uptrend resistance channel at RM1.58. All key indicators (MACD, Stochastic and RSI) are also hooking upwards, suggesting that buying interest is pilling up. We believe that follow-through buying interest could rally the share price towards the measurement objective of RM2.04. Traders are advised to take profit 3 bids below this level at RM2.01, while employing a strict stop-loss at RM1.55.

 

Source: Kenanga