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