Monday, August 10, 2020

Technical Analysis Aug 2020: YTLREIT (5109)

 

YTL HOSPITALITY REIT 

Observation from Chart:- 

YTLREIT (5109) forming double bottom @ RM0.75 support level ?

Will it rebound?

Other indicator:- 
MACD trade at negative region, downtrend stock. 
Stochastic %K @ on BUY call itinerary. 

Immediate support @ RM0.75 level. 
Subsequent support @ RM0.70 level 

Immediate resistance @ RM0.90 level. 
Subsequent resistance @ RM0.96 level.

Let's watch closely for technical rebound.

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