RHB Retail Research
Technical Analysis - YTL Corporation
YTL Corporation has been consolidating below the MYR1.15 resistance level and around the 30-day SMA line over the past three weeks. Should the stock manage to breach above this level, chances are high its rebound would likely be extended. Subsequent resistance levels are at MYR1.29, followed by MYR1.35. A stop-loss can be set below the MYR1.06 support.
Source: RHB Securities Research - 26 Nov 2018
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