YTL is eyeing to extend the upside movement after it staged a bullish breakout. Yesterday, the stock climbed above the MYR2.70 resistance and charted a bullish candlestick. The latest bullish breakout confirms that the positive momentum is growing stronger. Expect a follow-through price action to test the next resistance at MYR2.90, followed by MYR3.10. On the other hand, falling below the MYR2.48 support will negate the bullish setup.

Source: RHB Securities Research - 26 Apr 2024