YOCB (5159) closed higher with
improved volume on 23/9 during the session ended although region markets
including local market all closed in red on the same day.
YOCB closed with Bollinger
Band opened wider indicating that this counter could continue it strong upward
momentum if case the trading volume on 25/9 is traded higher than the volume
from the previous trading day.
The nearest resistance to be
look at is the MA50 line or MYR0.930 as of 23/9. If YOCB able to close higher
than this resistance level during the session ended, the next target to be look
at can refer to the Fibonacci retracement level as drawn in the chart above.
Happy Trading!
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