Yinson may move higher after it tested the MYR6.52 support in recent sessions. Given that it has formed a positive candle for the second consecutive day, the positive sentiment has been enhanced. A bullish bias may appear above the MYR6.52 level, with an exit set below the MYR6.52 threshold. Towards the upside, the near-term resistance is at MYR7.20. This is followed by the MYR7.50 level.
Source: RHB Securities Research - 8 Aug 2019
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