Thursday, October 4, 2012

Technical Analysis Oct 2012: YTLPOWR (6742)

YTL POWER INTERNATIONAL BHD

Observation from Chart:-

YTLPOWER break down RM1.65 support level.

What's next support level?

Other indicator:-
MACD at negative region, downtrend sign.
Stochastic %K trigger SELL call.

Due to break down the support, it might be facing high selling pressure
Next support @ RM1.53 level.

Immediate resistance @ RM1.65
Subsequent resistance @ MA20 level.

Let's watch closely.

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