RHB Investment Research Reports
Trading Stocks - YTL Power International
rhbinvest
Publish date: Thu, 16 Jan 2025, 10:21 AM
rhbinvest
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An official blog in I3investor to publish research reports provided by RHB Research team.
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
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Kuala Lumpur
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All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
YTL Power International may undergo a technical rebound after charted a candlestick with long lower shadow. Trading volume decreased yesterday, showing that selling pressure has moderated. In the event that the stock climbs above the MYR3.95 resistance level, a technical rebound may be seen. The counter would then test the next resistance level at MYR4.20, followed by the one at MYR4.50. However, a fall below the MYR3.65 support level would lead to the resumption of the correction phase.
Source: RHB Securities Research - 16 Jan 2025
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