RHB Retail Research
Trading Stocks - Yong Tai
Yong Tai is expected to rise higher as it bounced off its strong support (previous breakout level) recently. As it moved sideways with lower volume, the bullish bias above the MYR0.255 resistance-turned-support level is expected to lift the stock towards MYR0.28, followed by MYR0.315 – the recent high. If the stock falls below the MYR0.245 support, the expectation will be cancelled.
Source: RHB Securities Research - 24 Jun 2021
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