Glem

YBS (Finance) - Ideas update

Long
MYX:YBS   YBS INTERNATIONAL BERHAD
Notes
-- With respect, YBS hasn't change a lot this week. Yet it manage to increase YTD up to 80% comparing with Yearly Performance 140%. Seem like a progressive increase towards this stock.
-- By using Trendband, its show that the price movement already hits a new 52 weeks High, the green plot background also above the directional line (purple) and also above two EMAs line(100 &200), which sound great. But comparing to Bursa Finance Index (which indicate moving sideways), I assume that this counter might be ongoing few long correction before it pull out to breakout level.
- At meantime, suggest point to enter shall be in between Soft Support and Resistance . SL might be a bit closer at 2% to 4% indeed.