Quick take: YKGI shares up on technical buy

TheStar Mon, Aug 24, 2020 09:51am - 3 years View Original


KUALA LUMPUR: YKGI Holdings Bhd’s shares rose over 4% in early trade Monday following a technical buy call from PublicInvest Research.

The steel manufacturer added 4.17%, or 0.5 sen to 12.5 sen, its highest in almost two weeks.

PublicInvest said should the resistance level of 13.5 sen be broken, it may continue to lift prices higher to subsequent resistance levels of 15 sen and 17 sen.

The research house said YKGI’s first support level is at 10 sen while the second support level is at eight sen. The third support level is at 6.5 sen.

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