Yesterday, YGL surged 6.5sen (+22.8%) with pick up in trading volume seen. Post its recent breakdown from its multi-month support level, YGL’s share price has rebounded back strongly above its support level with a long white candlestick formed. Its share price might have reversed from its bearish trend to bullish as the Stochastic and RSI indicators are hooking up, indicating buying pressure is piling up. Judging by its technical patterns, share price might be poised for a bull run post its recent rebound and it may retest the RM0.40 (R1) level fairly soon and RM0.49 (R2) possibly next.

Source: Kenanga