Dayang Enterprise Holdings may soon moves beyond the resistance level RM1.37. With RSI above 50% threshold level, coupled with rising volume, we foresee that there could be a technical breakout soon. If this happens, the next short-term target prices will be RM1.50 followed by RM1.60. In this case, the downside support is marked at RM1.26, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on breakout RM1.37

Target: RM1.50, RM1.60 (time frame: 2-4 weeks)

Exit: RM1.26

Source: AmInvest Research - 6 May 2020