Friday, September 07, 2007

YTL Power

YTL Power Weekly Chart

Looks interesting. RSI downtrend broken. MACD going positive. Stochastic & RSI points up. Not yet overbought. If market sentiment is good, then may hit the upper channel.

YTL Power Daily Chart

Bears are selling at the previous high of 2.50. Possible weakness coming. Will wait and see how does the correction turns out.

I will play TYL Power warrant if I decided to take out a position.

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