Yinson may rise higher after it recently recovered above the MYR7.00 mark. Yesterday’s white candle can be viewed as the bulls extending the buying momentum from 14 Feb’s upside gap. A bullish bias may emerge above the MYR7.10 level, with an exit set below the MYR6.80 mark. Towards the upside, the immediate resistance is at the MYR7.50 level, followed by the MYR8.00 threshold.
Source: RHB Securities Research - 21 Feb 2020
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YINSONCreated by rhboskres | Aug 26, 2024