Interest in enterprise IT solution provider YGL appears to be strong as its share price inched up 0.5 sen yesterday with a surge in trading volume as it is expected to benefit from the implementation of GST in 2015. The bulls appear to be the dominating force with its share price above all its key 3 SMAs while the MACD line continues to diverge further positively over its Signal line. Buying interest is also robust with both its Stochastic and RSI indicators trending upwards. Follow through buying interest could propel its share prices to test the RM0.33 (R1) level with RM0.35 (R2) possibly next.

 

 

Source: Kenanga