RHB Investment Research Reports
Trading Stocks - YTL
rhbinvest
Publish date: Fri, 26 Apr 2024, 11:20 AM
rhbinvest
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An official blog in I3investor to publish research reports provided by RHB Research team.
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
YTL is eyeing to extend the upside movement after it staged a bullish breakout. Yesterday, the stock climbed above the MYR2.70 resistance and charted a bullish candlestick. The latest bullish breakout confirms that the positive momentum is growing stronger. Expect a follow-through price action to test the next resistance at MYR2.90, followed by MYR3.10. On the other hand, falling below the MYR2.48 support will negate the bullish setup.
Source: RHB Securities Research - 26 Apr 2024
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