RHB Investment Research Reports

Trading Stocks - YTL Corp

rhbinvest
Publish date: Fri, 09 Aug 2024, 09:48 AM
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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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