Dayang Enterprise printed a long white candle to breach the RM1.00 mark in its latest session. With a rising RSI level, the bullish momentum may continue and move towards a target price of RM1.14 followed by RM1.18. Meanwhile, it may turn sideways if it falls back below the RM0.935 mark in the near term. In this case, support is anticipated at RM0.935 whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM1.00

Target: RM1.14, RM1.18 (time frame: 3-6 weeks)

Exit: RM0.935

Source: AmInvest Research - 31 May 2019