RHB Investment Research Reports

Trading Stocks - YTL Power International

rhbinvest
Publish date: Mon, 25 Apr 2022, 08:42 AM
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An official blog in I3investor to publish research reports provided by RHB Research team.

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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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