Saturday, November 24, 2012

Technical Analysis Nov 2012: YTL (4677)

YTL CORPORATION BERHAD

Observation from Chart:-

YTL forming bolinger band squeeze within RM1.69 & RM1.79 range.

How about this round, will it break through RM1.79?

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

If the bull strong enough, it might break through RM1.79 & go higher.
Subsequent resistance @ MA100, which is RM1.81 level.

If retrace down, MA20 / MA50 would be immediate support.
Subsequent support @ RM1.69

Let's watch closely.

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