RHB Investment Research Reports
Trading Stocks - YTL Corp
rhbinvest
Publish date: Fri, 09 Aug 2024, 09:48 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 Corp is poised to resume upside movement after breaking past the resistance level on strong volume. We observed that the stock found an interim bottom, and has managed to cross above the MYR3.15 resistance level with strong volume. The renewed momentum may propel the stock towards the next resistance at MYR3.40, followed by the one at MYR3.70. If it falls below the MYR2.90 support level, the bearish phase will commence.
Source: RHB Securities Research - 9 Aug 2024
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