Yinson attempted to break above the MYR5.74 resistance for the second time over the past two weeks. A successful breakout from this threshold would likely to signal the stock has completed a multi-week bottom-building process, and that it is ready to scale higher. The subsequent resistance points are pegged at MYR5.90 and MYR6.00. A downside breach of MYR5.60 would cancel this price forecast.
Source: RHB Securities Research - 18 Mar 2021
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YINSONCreated by rhboskres | Aug 26, 2024