Posted by Bursa Master > 2015-10-18 11:48 | Report Abuse

YONGTAI (7066) 16 Oct 2015 The support and resistance level of YONGTAI are 0.53 and 0.61 respectively. It is observed that the MACD line of YONGTAI is above the centreline indicating some degree of strength in the price movement. Yongtai closed yesterday at 0.58 for a gain of 1 ct however indicating a reversal trend from its recent minor consolidation. Traders may buy if 0.61 level is breached in the near term, with a target price of MYR0.71. In the meantime, the stock may drift sideways if the MYR0.61 level cannot be surpassed. Support may then be found at MYR0.555, where traders can exit upon a breach. Happy Trading BURSAMASTER