• YTL Power International Berhad is engaged in provision of administrative and technical support services. Through its subsidiaries, it develops, constructs, maintains and operates power stations which includes Paka Power Station in Terengganu and Pasir Gudang Power Station in Johor.
• Share price is expected to test RM1.65 in short term as “Tweezers Bottom” pattern on weekly chart indicated reversal signal to upside and reading from daily oscillators (RSI, MACD and Slow Stochastics) show that share price is likely to gaining stronger buying momentum .
• Resistances are situated at RM1.59 and RM1.65. Breaching above RM1.65 (critical resistance) could drive share price higher towards RM1.75. Immediate supports at RM1.50 and RM1.47 with cut loss below RM1.44.

Source: Hong Leong Investment Bank Research - 14 Apr 2015