Monday, June 1, 2015

Technical Analysis June 2015: YTL (4677)

YTL CORPORATION BERHAD 

Observation from Chart:-

YTL is forming descending triangle pattern.

Will it rebound @ RM1.54 strong support level?

Other indicator:-
MACD trade at negative region, downtrend sign.
Stochastic %K trigger BUY call, pending confirmation.

Immediate resistance @ MA20 level.
Subsequent resistance @ descending triangle level.

Immediate support @ RM1.57.
Subsequent support @ RM1.54

Let's watch closely.

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