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Rakuten Trade Research Reports

Author: rakutentrade   |   Latest post: Fri, 19 Apr 2024, 10:32 AM

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Technical View - YBS International Berhad (YBS, 0025)

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  • Share price closed 5.1% higher at RM0.62 on Thursday.
  • YBS rebounded marginally from its higher low with decent buying interest. Accumulation is seen after the sell down which was overdone during the results season. Coupled with indicators showing uptick momentum, share price is expected to propel higher.
  • Resistance levels are identified at RM0.625 (R1) and RM0.705 (R2).
  • On the flipside, support levels are pegged at RM0.53 (S1) and RM0.505 (S2).

Source: Rakuten Research - 17 Mar 2023

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Labels: YBS

Related Stocks

Chart Stock Name Last Change Volume 
YBS 0.76 -0.015 (1.94%) 6,031,000 

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