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NewsOSK Research: YTL Land could extend rally (4677)
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OSK Research: YTL Land could extend rally (4677)
by hlk Mon 23 Jul 2012, 10:34
KUALA LUMPUR: OSK Retail Research sees a possibility of YTL Land & Development Bhd extending its rally, after the firm close on high volume last Friday.
It said on Monday a position can be initiated on close above RM1.10, with a close below the psychological RM1 as a stop-loss.
“The price target is RM1.42, although selling is also expected at the prior high of RM1.25. Selling should take over if the stop-loss is triggered and supports are expected at the prior lows of 90 sen and 75 sen,” said OSK Retail Research.
It said on Monday a position can be initiated on close above RM1.10, with a close below the psychological RM1 as a stop-loss.
“The price target is RM1.42, although selling is also expected at the prior high of RM1.25. Selling should take over if the stop-loss is triggered and supports are expected at the prior lows of 90 sen and 75 sen,” said OSK Retail Research.
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