Yew Lee Pacific Group Berhad (YEWLEE, 0248)

• Share price closed 4.29% higher at RM0.365 on Thursday.

• YEWLEE broke out from its resistance at RM0.35 with white a bullish candlestick yesterday. Thebullish MACD crossover has also formed and indicators are showing uptick momentum thus share price is expected to propel higher.

• Resistance levels are identified at RM0.385 (R1) and RM0.39 (R2).

• On the flipside, support levels are pegged at RM0.34 (S1) and RM0.355 (S2).

Source: Rakuten Research - 21 Jul 2023

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