Technical Analysis Jan 2012: YTL (4677)
YTL CORPORATION BERHAD
Observation from Chart:-
YTL is forming ascending triangle pattern.
20 Jan 2012, YTL retest RM1.54 resistant level.
Will it break through the resistance? Or further consolidate?
Other indicator:-
MACD at positive region, uptrend itinerary.
Stochastic %K still on BUY call itinerary.
If retrace down, lower triangle line will be strong support level.
Let watch closely for entry opportunity.
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