RHB Retail Research
Trading Stocks - Yilai
Yilai is breaking past the resistance with higher trading volume. The stock has been climbing higher on the back of strong buying interest. If it continues to trade above the resistance level of MYR1.24, expect the positive momentum to lift it towards the next resistance levels of MYR1.32, followed by MYR1.43. A downside breach of the MYR1.15 support level would nullify this expectation, and lead to a further share price correction.
Source: RHB Securities Research - 19 Feb 2021
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