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Possible for upside. YTLPOWR is showing initial signs of recovery from its consolidation phase. Improving RSI and MACD indicators currently signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in near term. Should resistance level of RM0.740 be broken, it may continue to lift price higher to subsequent resistance levels of RM0.770 and RM0.800.
However, failure to hold on to support level of RM0.690 may indicate weakness in the share price and hence, a cut-loss signal.
Water & sewerage
Wessex Water currently awaits the regulators final determination covering the Price Review
2020 to 25 which will be published by end of 2019. The Group remains committed to delivering
high quality, reliable and resilient services that are affordable to everyone, and is confident it
will continue to deliver outperformance of its regulatory targets.
water and sewerage rates in UK to be revised next month. ytl power will rise probably after the announcement. how big the rise in share price, unsure :)
