RHB Retail Research
Technical Analysis - Y.S.P. Southeast Asia
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Y.S.P. Southeast Asia’s upward momentum may have returned after it rose above the 21-day SMA line. The upward momentum would likely continue, given it has breached above the downtrend line drawn in the chart. A bullish bias may emerge above the MYR2.64 level, with an exit set below the MYR2.43 threshold. Towards the upside, the immediate resistance is at MYR2.86. This is followed by the MYR3.06 level.
Source: RHB Securities Research - 19 Jul 2018
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