RHB Retail Research

Trading Stocks - Yinson Holdings

Publish date: Thu, 11 Nov 2021, 05:13 PM
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RHB Retail Research

Yinson Holdings is in the process of consolidating sideways following a retracement recently – it bounced mildly above the 21-day average line. If a breakout happens above the immediate resistance of MYR5.95, the bulls may propel the stock towards the immediate resistance of MYR6.20, followed by MYR6.35 – its 52-week high. This expectation will be nullified if it falls below the support level of MYR5.75 – below the average line.

Source: RHB Securities Research - 11 Nov 2021

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