Yinson Holdings
As cited in RHB Retail Research’s technical analysis report (Jan 11), Yinson is set to propel towards its 15-month high after it broke above the MYR2.50 on Monday and inched further north yesterday – forming a “higher high” bullish pattern. The bullish momentum should push the stock towards MYR2.62, the 15-month high that was recorded on 6 Oct 2021, followed by
MYR2.72 ie the high of 9 Mar 2020. Conversely, the counter may reverse its direction if it falls below the MYR2.45 support, forming a “lower low” bearish structure below the 21-day average line.
Solarvest Holdings
This couner is set to rebound higher as it climbed and surpassed both the 21-day average line and the MYR0.85 level yesterday. If it manages to stay above that level, the stock may climb higher towards MYR0.88 – 30 Dec 2022’s high – before reclaiming the 4-week high of MYR0.905 (recorded on 15 Dec 2022). However, the counter may move downwards if it drops
below the MYR0.82 support, trading below the 21-day average line.
