YTL is resting at its uptrend line

Most construction stocks have recovered from their recent sharp selldown, except YTL. From the chart below, we can see that the stock is resting on its uptrend line support of RM7.10/20. If this support holds, the stock may see a rebound from here.

A slow accumulation at this level may be a good idea.


Chart: YTL's daily chart as at Sept 25 (courtesy of Tradesignum.com)