Thursday, July 18, 2013
YTLPowr- broke above its downtrend line
YTLPowr has broken above its downtrend line at RM1.55 in late June. Today, it broke above its horizontal line at RM1.68-1.70. With these breakouts, YTLPowr's recovery is poised to begin. The alternative to the share is YTLPowr-WB (exercise price: RM1.21; expiry date: June 11, 2018). The warrant has also broken above its downtrend line at RM0.42 as well as its horizontal line at RM0.48.
Based on technical consideration, YTLPowr & YTLPowr-WB could be good trading BUY.
Chart 1: YTLPowr's weekly chart as at July 17, 2013 (Source: Quickcharts)
Chart 2: YTLPowr-WB's weekly chart as at July 17, 2013 (Source: Quickcharts)
In addition to the disclaimer in the preamble to my blog, I hereby confirm that I do not have any relevant interest in, or any interest in the acquisition or disposal of, YTLPowr & YTLPowr-WB.