Dear readers, there is one Malaysia stock which is currently oversold. This stock which is listed on Kuala Lumpur Composite Index (FBMKLCI) has a 14-day RSI of below 30 which hence makes it oversold.
This oversold Malaysia stock is none other than YTL Corporation Berhad (YTL) stock. YTL stock traded at a 52-week high of MYR 1.22 before reaching a recent 52-week low of MYR 0.60. The dividends yield of YTL stock is about 5.30%.
As I have always shared, oversold stocks does not necessarily mean the stock is going to rebound soon. Investors must always pay attention to the overall market trend and research other stocks fundamentals before any undertaking any investing decision.
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