Yinson may rebound higher after it continued holding above the MYR6.52 support. The upward momentum is likely to continue, given that it has breached above the downtrend line drawn in the chart. A positive bias may emerge above the MYR6.80 level, with an exit set below the MYR6.52 threshold. Towards the upside, the immediate resistance is at the MYR7.20 level. This is followed by the MYR7.50 level.
Source: RHB Securities Research - 3 Sept 2019
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YINSONCreated by rhboskres | Aug 26, 2024