$YTL (4677.MY)$ 📘 4677 YTL “Relief bounce in progress

TPkawkaw_MY

commented on a stock ·

$YTL (4677.MY)$

📘 4677 YTL

“Relief bounce in progress — reversal or just technical rebound?”

Close: 2.050 (+3.54%)

Low tested: 1.950

Support (system): 2.020

Resistance (system): 2.420

Net inflow: +2409K (positive)

🧠 Current Structure

Sharp pullback from 2.32 → 1.95

First strong green candle reclaiming 2.00

Price back above MA5 & MA10

RSI recovering from oversold

Intraday money flow positive

Bid dominance ~78%

This looks like a technical rebound phase, not confirmed trend reversal yet.

🎯 Tomorrow Playbook

🔵 Scenario 1 – Bullish Continuation

If:

Holds above 2.02–2.03

Breaks and sustains above 2.06–2.08

Volume expands > 9–10M

Then:

Intraday target: 2.10

Extension: 2.15–2.18

Strong momentum only if 2.20 reclaimed

👉 Strategy: Buy on breakout + tight stop under 2.02.

🟡 Scenario 2 – Sideways Absorption

If:

Trades between 2.02 – 2.08

Volume dries up

Then:

Consolidation before next move

Watch whether bids stack near 2.02

👉 Strategy: Light swing accumulation near 2.02 support.

🔴 Scenario 3 – Failed Rebound

If:

Breaks below 2.00

Strong sell pressure returns

Inflow turns negative

Then:

Next support: 1.95

Risk of retest and possible lower

👉 Strategy: Cut below 1.99–2.00 (no ego holding).

📊 Swing Plan

Entry zone: 2.02–2.05

Cut loss: Below 1.98

TP1: 2.15

TP2: 2.20–2.25

Risk:Reward ~1:2

🧩 Big Picture

P/E ~12x (not expensive)

4.6% dividend yield

Market cap stable

But trend still below MA20/MA30 → not full reversal yet

This is a rebound trade, not confirmed uptrend.

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