RHB Retail Research
Technical Analysis - Y.S.P. Southeast Asia
Y.S.P. Southeast Asia may rise higher after it breached above the MYR3.00 threshold and hit a new 52-week high. This can be viewed as a continuation of the bulls extending the buying momentum from 14 Aug’s upside gap. A bullish bias may emerge above the MYR3.00 level, with an exit set below the MYR2.80 threshold. To the upside, the immediate resistance is at MYR3.19. This is followed by the MYR3.30 level.
Source: RHB Securities Research - 23 Aug 2018
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