Yinson Is Bracing for a Big Uptrend, According to Rhb Retail Research

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According to RHB Retail Research, Yinson Holdings Bhd is poised for a strong rally after surging beyond the RM5.06 consolidation phase – printing a lengthy white candlestick.

The research house stated in a trading stocks note today that a bullish bias above that level is projected to propel the stock higher towards March’s high of RM5.74, followed by RM6.00 – the 52-week high resistance.

“However, a break below the RM4.87 support will invalidate this expectation,” it added.

Published by Zack Baharum

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