Saturday, February 26, 2011

Technical Analysis Feb 2011: YTL (4677)



YTL CORPORATION BERHAD

Observation from Chart:-


On early Jan 2011, YTL attempt RM8.50 high a few time BUT unable break up.
Subsequently, it start retrace down from RM8.50 high to RM7.05 low (-17%)

Will it future retrace down or rebound?

From RSI & MACD indicator, YTL extreamly oversold stage.
A technical rebound should be form soon.

Let watch closely for entry opportunity.

Remark:
Pls buy at your own risk & consult your broker b4 make any buy or sell order!!!

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