Tuesday, January 24, 2012

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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