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