$YTL Surges on Stellar Earnings, Targets New Highs
YTL Corp Bhd, led by the Yeoh family, has showcased a remarkable financial performance, with first-half net profits soaring past RM1 billion, outperforming the entire previous year.
Previously, $YTL(4677.MY$ forming lower highs leading into quadruple bottoms which typically suggests a bearish sentiment, after the stock hits RM2.50 that preventing further upward price movement.
Having joined the trend earlier in the morning, capitalizing on the gap up in the lower timeframe, I set a prudent risk management strategy with an 8% stop loss.
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