We believe the buying momentum in Dayang Enterprise is back following a breach above the 3-month downtrend line albeit marginally yesterday. As the 20-day and 50-day EMAs are converging now and likely to confirm its bullish crossover soon, the current bullish bias may continue in the near term. A bullish bias may emerge above the RM0.90 level, with a stop-loss set at RM0.84, below 10 May’s low. Towards the upside, the near-term resistance level is seen at RM0.97, followed by RM1.03.
Entry : RM0.90–0.92
Target : RM0.97, RM1.03
Exit : RM0.84
Source: AmInvest Research - 19 May 2022
Chart | Stock Name | Last | Change | Volume |
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Created by AmInvest | Jul 26, 2024
Created by AmInvest | Jul 26, 2024
Created by AmInvest | Jul 26, 2024