Sunday, March 5, 2017

Technical Analysis Mar 2017: YTL (4677)


YTL CORPORATION BERHAD 

Observation from Chart:-

YTL forming bolinger band squeeze.

When will it breakout bolinger band squeeze?

Other indicator:-
MACD moving toward negative region, downtrend sign.
Stochastic %K pending trigger BUY call.

Immediate resistance @ RM1.56 level.
Subsequent resistance @ RM1.60 level.

Immediate support @ RM1.52 level.
Subsequent support @ RM1.44 level.

Let's watch closely.

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