Technical Analysis Jan 2015: YTLPOWR (6742)
Observation from Chart:-
YTLPOWER forming lower high & lower low.
WIll it retest RM1.42 support level again?
Other indicator:-
MACD at negative region, downtrend sign.
Stochastic %K trigger SELL call.
Immediate resistance @ RM1.49 level
Subsequent resistance @ 1.53 level.
Immediate support @ RM1.46 level.
Subsequent support @ RM1.42 level.
It would be an opportunity, if able form a reversal @ support level.
Let's watch closely.
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