Sunday, January 13, 2013

Technical Analysis Jan 2013: YTLPOWR (6742)

YTL POWER INTERNATIONAL BHD

Observation from Chart:-

YTLPOWER retrace down from RM1.67 level, which is MA200 level.

Will it form a reversal @ MA20 support level?

Other indicator:-
MACD at positive region, uptrend sign.
Stochastic %K at SELL call itinerary.

Immediate resistance @ RM1.67 level
Immediate support @ MA20 / MA50 level.

It would be an opprtunity, if able form a reversal @ support level.

Let's watch closely.

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