Update on YTLLAND

YTLLAND
This counter has been favorite to some trader.
Lets see what have on chart.

In the previous pattern, the last bearish was dropped up to 100% fibo..
If I take the same amount of fibo projection, which is 100%, and compare to current pattern, I found on 2/4, it already met the level. If downside is persistence, then could see the price drop below RM1.

I compared with other indicator and found that..

1. Even price has a small dropped from last week, momentum keep on positive. Green line still above blue.
2. RSI not so interesting as below 50%.
3. Stoch & Wm%R also below 50% but on a slow hike.
4. MFI is disappointing, as stay below 20%. If going to fly, must inject more money into it.
5. ADX= -DI above +DI with signal line below 20.
6. MACD is below 0 and histogram small, nothing interesting.
7. based on Fibo projecting, target price at RM1.08 and RM1.11. As for support, RM1.01 and 0.96.

As for summary, If there is anything unusual, just take a shot. Once volume comes in, MFI and Momentum will going higher.
Could see a rebound as 100% fibo level reached.
If drop to RM1.01, possible to long bearish as next Fibo support is RM0.96
Trade with cautious, especially CW holder.