Yinson Holdings Bhd
surged higher yesterday for a second consecutive day as approached the RM2.50 level, a crossing of which could mark the end of a consolidation phase.
The share's technical indices have been on climb on strong buying interest. The slow-stochastic rose to 67 points while the 14-day relative strength index gained to 59 points. The daily moving average convergence/divergence (MACD) histogram, meanwhile, has charted a bullish bar to signal strong rising momentum.On the price chart, the share has also broken free of the simple moving averages to reflect the return to an uptrend.
Given the strength of the ongoing rally, the share could ascend to a higher resistance of RM2.80. Support is found at RM2.19 and RM1.95.
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