Saturday, January 19, 2013

Technical Analysis Jan 2013: YTL (4677)


YTL CORPORATION BERHAD

Observation from Chart:-

YTL retest MA100 support level, RM1.78

Will it rebound? How high will it go?

Other indicator:-
MACD moving toward negative region, downtrend itinerary.
Stochastic %K trigger BUY call, pending confirmation.

Immediate resistance @ RM1.84 level.
Subsequent resistance @ RM1.90 level.

Immediate support @ RM1.78.
Subsequent support @ RM1.74

Let's watch closely.

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