RHB Investment Research Reports

Trading Stocks - YTL Power International

Publish date: Fri, 31 Mar 2023, 09:17 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 is poised to move upwards after staging a bullish breakout. The stock has broken past the MYR0.90 resistance to record a multi-month high. While the stock is climbing higher, the volume has also been increasing – this shows that the bullish setup is firmly intact. After the breakout, the momentum should propel the stock towards MYR0.96, followed by the MYR1 mark. Towards the downside, falling below the MYR0.85 support would nullify the positive expectation.

Source: RHB Securities Research - 31 Mar 2023

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