We believe the buying interest in Dagang NeXchange may have returned after it pushed out of its 3-week bullish rectangle pattern two sessions ago. With its 20-day EMA is starting to turn upwards, additional upside strength may be present in the coming sessions. A bullish bias may emerge above the RM1.08 level, with a stop-loss set at RM0.99, below the 50-day EMA. On the upside, the near-term resistance level is seen at RM1.20, followed by RM1.30.  

Entry : RM1.08–1.10

Target : RM1.20, RM1.30

Exit : RM0.99

Source: AmInvest Research - 7 Apr 2022