Tuesday, September 4, 2012

Technical Analysis Sept 2012: YTLPOWR (6742)


YTL POWER INTERNATIONAL BHD

Observation from Chart:-

YTLPOWER retest RM1.69 support level.

Will it rebound or further breakdown?

Other indicator:-
No reversal candlestick been formed.
MACD at negative region, downtrend sign.
Stochastic %K still on SELL call itinerary.

If selling preasure is too high, it might be break down immediate support level.
Subsequent support @ RM1.59 level.

Let's watch closely.

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