RHB Retail Research
Trading Stocks - Y.S.P. Southeast Asia
Y.S.P. Southeast Asia may climb higher after it formed a second consecutive white candle. Yesterday’s candle can be viewed as the bulls extending the rebound from 14 May “Bullish Engulfing” pattern. A bullish bias may appear above the MYR2.51 level, with an exit set below the MYR2.29 threshold. Towards the upside, the near-term resistance is at MYR2.70. This is followed by the MYR2.88 level.
Source: RHB Securities Research - 16 May 2019
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