RHB Retail Research
Trading Stocks - Yinson
Yinson’s buying momentum may have returned after it recently rose above the 21-day SMA line. Last Friday’s candle sent the stock to its 1-month high, thereby enhancing the bullish sentiment. A positive bias may emerge above the MYR6.75 level, with an exit set below the MYR6.57 threshold. Towards the upside, the immediate resistance is at the MYR7.20 mark. This is followed by the MYR7.50 threshold.
Source: RHB Securities Research - 14 Oct 2019
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