Tuesday, January 6, 2015

Technical Analysis Jan 2015: YTLPOWR (6742)

YTL POWER INTERNATIONAL BHD 

Observation from Chart:-

YTLPOWER forming lower high & lower low.

WIll it retest RM1.42 support level again?

Other indicator:-
MACD at negative region, downtrend sign.
Stochastic %K trigger SELL call.

Immediate resistance @ RM1.49 level
Subsequent resistance @ 1.53 level.

Immediate support @ RM1.46 level.
Subsequent support @ RM1.42 level.

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

Let's watch closely.

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