Target Price: RM0.315, RM0.335 Last closing price: RM0.295 Potential return: 6.7%, 13.5% Support: RM0.290 Stop Loss: RM0.275 Possible for sideways breakout. YONGTAI is staging a potential breakout from its current sideways channel. Corresponding RSI and MACD indicators remain healthy while trending sideways, with anticipation of continuous improvement in both momentum and trend in the near term. Should immediate resistance level of RM0.315 be broken with renewed buying interest, it may continue to lift price higher to subsequent resistance level of RM0.335.
However, failure to hold on to support level of RM0.290 may indicate weakness in the share price and hence, a cut-loss signal.
YTB’s Board and management are putting through various efforts to create value for the shareholders. The vaccine involvement is only one of them but they have specific plans to rejuvenate current projects which demonstrated by recent PPs. The price will rise in tandem with every milestone’s achievement....we shall see it in the coming months...
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
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....
elson663
23 posts
Posted by elson663 > 2021-01-20 10:33 | Report Abuse
Thx Mrs Lee ☺️