YTL Corp eyeing to extend upside movement, says RHB Retail ...

KUALA LUMPUR (April 26): RHB Retail Research said YTL Corp Bhd is eyeing to extend the upside movement after it staged a bullish breakout.

In a trading stocks note on Friday, the research house said that on Thursday, the stock climbed above the RM2.70 resistance and charted a bullish candlestick.

“The latest bullish breakout confirms that the positive momentum is growing stronger.

“Expect a follow-through price action to test the next resistance at RM2.90, followed by RM3.10.

“On the other hand, falling below the RM2.48 support will negate the bullish setup,” it said.