Rakuten Trade Research Reports

Technical View - YBS International Bhd

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Publish date: Mon, 27 Nov 2023, 08:53 AM
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YBS International Bhd (YBS, 0025)

stock broke out from its one-week bullish flag pattern yesterday coupled with positive technical indicators including RSI and improving EMAs, we believe there is a favourable opportunity for the stock to experience an upper breakout in the short term.

  • A bullish bias may emerge above the RM0.675 level and should lift it towards the subsequent level ofRM0.71 (R1), followed by RM0.75 (R2).
  • On the downside, stop-loss is set at RM0.60, below the 50-days EMAs.

Source: Rakuten Research - 27 Nov 2023

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