Sunday, February 23, 2014

Technical Analysis Feb 2014: YTLREIT (5109)

YTL HOSPITALITY REIT

Observation from Chart:-

YTLREIT (5109) break RM1.00 support level.

What's next support?

Other indicator:-
MACD trade at negative region, downtrend stock.
Stochastic %K @ oversold stage.

Immediate support @ RM0.945 level.
Subsequent support @ RM0.92 level

Immediate resistance @ MA20 level.
Subsequent resistance @ MA50 level, which is RM1.00 psychology level.

Let's watch closely for technical rebound.

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