Wednesday, April 12, 2017

Technical Analysis Apr 2017: YTLPOWR (6742)


YTL POWER INTERNATIONAL BHD 

Observation from Chart:-

YTLPOWER forming bolinger band squeeze?

Will it retest support level ?

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

Immediate resistance @ RM1.54 level
Subsequent resistance @ RM1.57 level.

Immediate support @ RM1.47 level.
Subsequent support @ RM1.41 level.

If able breakout RM1.54, higher is confirm. Uptrend will resume.

Let's watch closely.

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