Sunday, December 25, 2011

Technical Analysis Dec 2011: YTLPOWR (6742)


YTL POWER INTERNATIONAL BHD

Observation from Chart:-

Since 14 oct 2011, YTLPOWR keep trading between RM1.73 & RM1.88 range.
We may observe that YTLPOWR is forming bolinger band squeeze.

Will it break up or down?

Other indicator:-
MACD indicator remain side way. No obvious sign.
Stochastic %K still on BUY call.

Strong resistance would be RM1.87 level.
Strong support would be RM1.73 level.

Let watch closely for break out.

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