RHB Retail Research
Trading Stocks - Yinson
Yinson may trend higher after it formed another white candle and breached above the MYR5.04 threshold. This close has sent the stock to its new 52-week high, thereby enhancing the positive sentiment. A bullish bias may emerge above the MYR5.04 level, with an exit set below the MYR4.75 threshold. Towards the upside, the immediate resistance is at MYR5.40. This is followed by the MYR5.50 level.
Source: RHB Securities Research - 7 Jun 2019
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