Dayang Enterprise Holdings has been consolidating sideways during the last few sessions, with an immediate resistance price of RM2.90. With a rising RSI, it may continue to climb above RM2.90 and move towards the short-term target prices of RM3.05 followed by RM3.20. Support is anticipated at RM2.64, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy before breakout RM2.90
Target: RM3.05, RM3.20 (time frame: 3-6 weeks)
Exit: RM2.64

Source: AmInvest Research - 18 Feb 2020