Saturday, September 9, 2017

Technical Analysis Sept 2017: YTL (4677)



YTL CORPORATION BERHAD 

Observation from Chart:-

YTL forming descending triangle pattern.

Will it breakout the resistance & go higher?

Other indicator:-
MACD trade @ negative region, downtrend sign.
Stochastic %K on SELL call itinerary.

Immediate resistance @ RM1.43 level.
Subsequent resistance @ RM1.46 level.

Immediate support @ RM1.39 level.
Subsequent support @ RM1.31 level.

Let's watch closely.

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