Rakuten Trade Research Reports

Technical View - Yinson Holding Bhd

rakutentrade
Publish date: Tue, 22 Oct 2024, 09:44 AM
rakutentrade
0 2,144
An official blog in I3investor to publish research reports provided by Rakuten Trade research team.

All materials published here are prepared by Rakuten Trade. For latest offers on Rakuten Trade products and news, please refer to: https://www.rakutentrade.my/

To sign up for an account: http://bit.ly/40BNqKI

Rakuten Trade

Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my

Yinson Holding Bhd (YINSON, 7293)

  • YINSON has broken out of its 10-week downward channel with a strong white candlestick yesterday. In view of the 20-day EMA is still trending above the 50-day EMA coupled with the rising RSI, this reinforces our view that the uptrend resumes and suggest a potential continuation of the bullish momentum.
  • We anticipate the rising momentum to steer the stock higher and test the next resistance at RM2.85 (R1) followed by RM3.00 (R2) in the near term.
  • On the downside, stop-loss is set at RM2.61.

Source: Rakuten Research - 22 Oct 2024

To sign up for an account : http://bit.ly/40BNqKI

[Youtube Tutorial] Account Opening & Enable Foreign Equity:http://bit.ly/3I5Jzxo

Related Stocks
Market Buzz
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment