THE overnight rebound of 176.72 points on the Wall Street coupled with the better performances on the regional stock markets sent Bursa Malaysia rebounding higher yesterday. Its overall advancing counters out-paced its declining counters by 463 to 301. YNH Property Bhd staged a technical rebound yesterday. Its daily price trend closed at RM2.70, giving a day-on-day gain of 4 sen, or 1.50 per cent. Chartwise, YNH Property's daily price trend fell from its intra-day high of RM2.90 on January 15 all the way down to its intra-day low of RM2.60 on January 22, posting a total loss of 30 sen, or 10.34 per cent. Its daily price trend continued to trend above its intermediate-term uptrend (B1:B2). However, its short-term price trend is attempting to stage a re-test of the support of its uptrend support (B1:B2).YNH Property's daily price trend is likely to stage a re-test of its uptrend support (B1:B2). Further, its daily price trend will continue to consolidate further.
(30-1-2008 New Straits Times)
