Monday, July 25, 2011

Technical Analysis July 2011: YTL (4677)



YTL CORPORATION BERHAD

Observation from Chart:-

YTL retest RM1.55 strong support level a few round & keep consolidate at this level.

Unfortunately, market sentiment turned negative & YTL no positive news flow.

Finally, it break down the support level as well as MA100 support.

Subsequent support level around RM1.40 & RM1.37 level.

Other indicator:-
MACD indicator move toward negative region, downtrend sign.
Stochastic %K no trigger buy call yet.

A technical rebound should be form at support level.

Let watch closely for entry opportunity.


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

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