Yinson was testing the MYR4.50 level in its recent trades. A bullish bias may be present above this point with a target price of MYR4.70, followed by MYR5.00. The stock may consolidate further if it cannot breach above the MYR4.50 threshold in the near term. Support may be found at MYR4.26, where traders can exit upon a breach to limit the downside risk.
Source: RHB Securities Research - 1 Jun 2018
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YINSONCreated by rhboskres | Aug 26, 2024