Dayang Enterprise Holdings consolidated and touched the RM1.25 resistance level. With its 21-day moving average showing an uptrend, coupled with a higher high candle stick pattern, there is a good chance it will break out and head towards the short-term target price of RM1.30, followed by RM1.34. The downside support is marked at RM1.20. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM1.25

Target: RM1.30, RM1.34 (time frame: 2-4 weeks)

Exit: RM1.20

Source: AmInvest Research - 11 Dec 2020