Thursday, November 10, 2011

Technical Analysis Nov 2011: YTL (4677)





YTL CORPORATION BERHAD

Observation from Chart:-


YTL retest RM1.53 resistant level but unable break through it.

Will it consolidate at support level?
Or further retrace down retest subsequent support level?

Other indicator:-
MACD at positive region, uptrend itinerary.
Stochastic %K trigger SELL call, pending confirmation.

If retrace down, RM1.41 is strong support level.

Let watch closely for entry opportunity.

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