YTL Power is showing a promising trading opportunity. Volume has started to pick up a little. That could well because of traders who previously trapped in the gapped down are selling off their stocks. Despite of that, the price went up. This could indicates that the market is ready to absorb the selling.
The next Support level is RM1.78 / RM1.75. Enter now and put STOP LOSS at RM1.70. Trail your stop loss as price goes up. Next Resistance level is at RM1.85.
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David Kong
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