YONGTAI (7066)
Last trading price at RM 0.660.
For the past one month, the price has been stable around RM 0.60 level from it peak price at RM 1.75 level. The first momentum kick in on 5/10/2018 to show the intention to stop the retracement in short term.
Overall we still in down trend but as long as the price hold above RM 0.570 above, there still have chances to push back RM 0.80 - RM 1.00 level. After hitting those level, there are few possible results will be form and its unpredictable for now. Its time to cover some profit after wipe out so much retailer at this point.
Target price - RM 0.780, RM 1.00, and RM 1.10
Cut loss - below RM 0.570
Disclaimer: Analysis or results above are solely based on personal opinions. Trade at your own risk.
For the past one month, the price has been stable around RM 0.60 level from it peak price at RM 1.75 level. The first momentum kick in on 5/10/2018 to show the intention to stop the retracement in short term.
Overall we still in down trend but as long as the price hold above RM 0.570 above, there still have chances to push back RM 0.80 - RM 1.00 level. After hitting those level, there are few possible results will be form and its unpredictable for now. Its time to cover some profit after wipe out so much retailer at this point.
Target price - RM 0.780, RM 1.00, and RM 1.10
Cut loss - below RM 0.570
Disclaimer: Analysis or results above are solely based on personal opinions. Trade at your own risk.
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