Tuesday, June 25, 2013

Technical Analysis Jun 2013: YTLPOWR (6742)

YTL POWER INTERNATIONAL BHD

Observation from Chart:-

YTLPOWER retest MA200 level.

Will it break through the resistance?

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

Immediate resistance @ MA200 level
Immediate support @ MA20 / MA50 level.

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

Do watch out, potential distribution of Treasury Shares as Dividend.
Cumulative net outstanding treasury shares as at to-date (25/6/2013): 233,221,745 units

Let's watch closely.

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