Thoughts on YTLPOWR

GA brothers and sisters, hope you guys doing well. From the previous post, I posted my price target. I know it's sad but let me explain why:

1) First and foremost, I'm not trying to FUD but bullish on $YTLPOWR (6742.MY), however in stock market there's no UP ONLY and a "HEALTHY CORRECTION" is need. If not, the higher it goes, the bigger correction in the future. So taking partial profit is never wrong. If your average price is above RM5, keep HOLD and DCA. Please do not BUY HIGH & SELL LOW. I'm here to help you for preparations or avoid losing money, don't say Stock Market is a scam etc.

2) Secondly, you may say you never catch the bottom, but right now we are in "PRICE DISCOVERY" , which means you never know when or where is the TOP too. We have a history low price target, so correction would likely to reach back that price. Currently, I see a weak signal and low buying volume, and also breaking out the trend line which is the market is shifting, I wouldn't suprise the BIG PLAYERS start selling partially here. The situation just like NVDIA CEO Jensen sold his stock partially.

3) What I see in current situation is that we are in "First Sentiment Extreme" and just starting to enter a bear trap. Once we grab the liquidity on the Big Fat Green Candle on Weekly Time Frame, all retail buyers run away and that's when the price goes another leg up.

5) I rather want to see a healthy correction sooner ASAP, if not it will be danger in the future, No one knows. I may be wrong too.

6) Finally, My Bullish for YTLPOWR price target would likely to be RM 8, 10 and 13. Bear Trap price : RM 3.8 to 3.5, Healthy Correction price : RM 2.5 to 1.9. Look at the macro trend. MACRO > MICRO