Tuesday, May 29, 2012

Technical Analysis May 2012: YTL (4677)


YTL CORPORATION BERHAD

Observation from Chart:-

29 May 2012, YTL succeed break through ascending triangle, RM1.80 resistance level.

How high will it go?

Other indicator:-
MACD trade at positive region, uptrend itinerary.
Stochastic %K still on BUY call.

As today, we may say that higher high been formed.

If retrace down, MA20 / MA50 will be the immediate support.
It might be an opportunity to acquire.

Let watch closely for entry opportunity

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