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Stock Picks Of The Day – YTL Corp, Coraza Integrated Technology

Business Today ·  Aug 8 20:41

YTL Corp is poised to resume upside movement after breaking past the resistance level on strong volume.

They observed that the stock found an interim bottom, and has managed to cross above the MYR3.15 resistance level with strong volume.

The renewed momentum may propel the stock towards the next resistance at MYR3.40, followed by the one at MYR3.70.

If it falls below the MYR2.90 support level, the bearish phase will commence.

Coraza Integrated Technology is looking to extend its technical rebound after breaking past the immediate resistance with strong volume.

They observed that the counter is charting a bullish candlestick with strong volume, signalling that bullish momentum is gaining pace again.

After climbing above the MYR0.41 resistance, it should travel towards the next resistance at MYR0.45, followed by the one at MYR0.48.

A fall below the MYR0.375 support level will resume the correction phase.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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