GoldenTurtle

Intact uptrend momentum- YBS Bhd

GoldenTurtle Updated   
MYX:YBS   YBS INTERNATIONAL BERHAD
Reinforced uptrend momentum monitored on this counter.
Good market sentiment wit strong collection seen on price RM 0.33
Many retailers trapped at RM0.35, not sure if all retailer shaked out.
Should most of the weak retailers shaked out, huge rally may happen anytime soon.
watch closely for entry.
Comment:
Price may take few days to digest the rally. Banker may also going to shake retailers out of this counter this week. take profit and monitor again.
Comment:
YBS is now getting more attractive after strong rally.
This counter already formed a strong support at RM0.40 and it's really good entry point.
Banker is still heavy involved in this counter.
After proper collection and price pattern set up, it should have another strong rally with at least 5 sens margin.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.