Friday, July 1, 2016

Technical Analysis July 2016: YTL (4677)



YTL CORPORATION BERHAD 

Observation from Chart:-

YTL formed 3 white soldiers & retest RM1.67 resistance level.

How about this round, will it breakout & go higher?

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

Immediate resistance @ RM1.67 level.
Subsequent resistance @ RM1.69 level.

Immediate support @ RM1.63 level.
Subsequent support @ RM1.58 level.

If able breakout the strong resistance, higher high is formed.
Potential kick off another wave of bull run.

Let's watch closely.

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