RHB Retail Research
Trading Stocks - Yinson Holdings
Yinson Holdings is prepared for a strong uptrend as it moved past the consolidation phase of MYR5.06 with surging volume – printing a long white candlestick. The bullish bias above that level is expected to see the stock soaring towards March’s high of MYR5.74, followed by MYR6.00 – the 52-week high resistance. Conversely, falling below the MYR4.87 support will cancel this expectation.
Source: RHB Securities Research - 29 Sept 2021
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