Tuesday, August 9, 2011

Technical Analysis Aug 2011: YTLPOWR (6742)


YTL POWER INTERNATIONAL BHD

Observation from Chart:-

As today 9 Aug 2011, YTLPOWER formed reversal candlestick.

Most probably, this round technical rebound will retest RM2.00 resistant level (psychology level).

Other indicator:-
MACD indicator remain at negative region, downtrend sign.
RSI & Stochastic %K extremely oversold stage, today already trigger buy call.

Let watch closely.

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

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