We expect further upside for YBS International after it closed above the RM0.74 resistance with a long white candle yesterday. With the stock pushing near its 52-week high, which coincides with its rising EMAs, the bullish momentum may be present now. A bullish bias may emerge above the RM0.74 level, with a stop-loss set at RM0.68, below the 20-day EMA. Towards the upside, the near-term resistance level is seen at RM0.85, followed by RM0.90.
Entry : RM0.74–0.77
Target : RM0.85, RM0.90
Exit : RM0.68
Source: AmInvest Research - 23 Sept 2022
