YTL Corporation surged to a new multi-year high and closed above the RM2.00 psychological mark yesterday, which likely indicates the return of buying interest. As the stock also broke out of a 3-week bullish pennant pattern, it may see additional strength in the near term. A bullish bias may emerge above the RM1.95 level with stop-loss set at RM1.68, below the 50-day EMA. Towards the upside, near-term resistance level is seen at RM2.20, followed by RM2.40.
Remembered stay with the winners. YTL group is the shinning stock of the year.Don't switch to laggards. You will be rewarded . Look at the possibilities HSR rollout , digital bank , YTL land , YTL 5G , YTLP , Wessex { uk } , YTL seraya { SG } , YTL cement , YTL construction , YTL Australia , all core business running all 8 cyclinders
Will it be just half day correction then close green at the end...? A trader need to know the answer. A investor no need to know but just hold till rm3. 50
The key thing is the fundamental didn't change Ytl and power hsr, seraya, data center.... Many more are on going in various stage that contribute to exiting earning or future explosive growth
HSR construction cost will blow up from rm76 during Jib kor time to at least rm100B now! The more to delay the higher the construction cost. Please look at big picture but not to save peanuts ringgit and miss the big business like the old government thinking
YTL slow and steady ....just wait for positive new's development. Wessex water rate increase, Jordan JV shale oil gas production. inking of new electricity export to Singapore, digital bank .wow
What is a Malaysian company doing tying up with NVIDIA, who is building a supercomputer for Israel, for defence/offence? EPF & KWAP shouldn't be associated with anything to do with Israel.
We are just at the starting point. Stay put for a power pack fuel rally. CNY rally in February, follow by 2qtr result anouncement, news of HSR rail link, adding the possibilities of a interim dividend announcement .Or Fed reserve bank rate cuts starting in March. Heng ...Hong...... Huat
Everyday is positive day for ytl and power... Especially month of Jan that many good news ahead... Johor-Singapore economy zone and New King.... If you didnt sapu kau kau today while correction. You miss.... MISSS
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
pang72
49,949 posts
Posted by pang72 > 2024-01-08 18:39 | Report Abuse
Date:
2024-01-04
Firm:
AmInvest
Stock:
YTL
Price Target:
2.01
Price Call:
BUY
Last Price:
2.25
Upside/Downside:
-0.24 (10.67%)
YTL Corporation surged to a new multi-year high and closed above the RM2.00 psychological mark yesterday, which likely
indicates the return of buying interest. As the stock also broke out of a 3-week bullish pennant pattern, it may see additional
strength in the near term. A bullish bias may emerge above the RM1.95 level with stop-loss set at RM1.68, below the 50-day
EMA. Towards the upside, near-term resistance level is seen at RM2.20, followed by RM2.40.
Entry : RM1.95–2.01Target : RM2.20, RM2.40Exit : RM1.68