Dayang Enterprise may soon retrace its path to retest the RM1.30 level. Observed that the RSI indicator is below 30%, indicating it is now in the oversold region. Hence there is a possibility it will experience a technical rebound towards the short-term target prices of RM1.45 and RM1.60. The downside support is anticipated at RM1.19, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy near RM1.30

Target: RM1.45, RM1.60 (time frame: 2-4 weeks)

Exit: RM1.19

Source: AmInvest Research - 11 Mar 2020