• YTLPOWR ended 3.5% or 2.5 sen higher to RM0.75 last Friday.
• Share price is trading above the upward sloping short-term moving average line displaying strong buying momentum supported by higher trading volume. With technical indicators suggesting stronger buying interest coupled with resistance breakout, share price is likely to scale higher.
• From the chart, resistance levels are expected at RM0.80 (R1) and RM0.86 (R2).
• On the downside, support levels are set at RM0.71 (S1) and RM0.67 (S2).
Source: Rakuten Research - 1 Mar 2021
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