Monday, August 20, 2012

Technical Analysis Aug 2012: YTLE (0009)


YTL E-SOLUTIONS BHD

Observation from Chart

YTLE (0009) is forming ascending triangle.

How about this round, will it break through the strong resistance?

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

Immediate resistance @ upper triangle line which is RM0.78 level.
If retrace down, immediate support @ lower triangle line.

Let's watch closely.

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