YTL Power International is poised to resume its uptrend as it jumped above the 21-day average line while heading towards the MYR0.795 resistance level. If it manages to push past that point, the stock is set to rise further towards the recent high of MYR0.84, followed by the MYR0.90 mark. Meanwhile, a drop below the MYR0.735 support may reverse the momentum southwards as it forms a “lower low” bearish structure below the average line.

Source: RHB Securities Research - 18 May 2022