Sunday, September 2, 2012

Technical Analysis Sept 2012: YTL (4677)


YTL CORPORATION BERHAD

Observation from Chart:-

YTL is forming lower high.

How about the low?

Other indicator:-
MACD trade at negative region, downtrend itinerary.
Stochastic %K still on SELL call.

High probably it will retest immediate support, RM1.76 level.

If break down RM1.76, lower low is confirm & potential facing high selling preasure.

If rebound, it must at least higher than RM1.92 high, it will turned uptrend.

Let's watch closely.

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