RHB Investment Research Reports
Trading Stocks - YTL Power International
rhbinvest
Publish date: Mon, 25 Apr 2022, 08:42 AM
rhbinvest
0 4,197
An official blog in I3investor to publish research reports provided by RHB Research team.
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
YTL Power International may move past the resistance at MYR0.745 as it inched upward and closed at that level due to stronger volume. If the momentum persists to surpass that level, the stock may propel further to hit the MYR0.785 resistance, followed by MYR0.84 – its YTD high. Meanwhile, a drop below the MYR0.715 support may trigger the resumption of a downward correction, forming a “lower low” bearish pattern.
Source: RHB Securities Research - 25 Apr 2022
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