YTL POWER INTERNATIONAL BHD
Observation from Chart:-
Since Dec 2010, YTLPOWR already start downtrend.
The rebound unable pull the MACD to positive region BUT keep forming lower low & lower high.
As today 29 July 2011, NO reversal candlestick been formed.
Most probably, it will further retrace down & retest RM1.86 support level.
Other indicator:-
MACD indicator remain at negative region, downtrend sign.
RSI & Stochastic %K already oversold stage, pending trigger buy call.
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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