AmInvest Research Reports

Stock on Radar - Dayang Enterprise Holdings

AmInvest
Publish date: Fri, 14 Apr 2023, 09:22 AM
AmInvest
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Dayang Enterprise’s buying momentum is back after it broke out of the 1-week bullish flag pattern with another white candle yesterday. As the 20-day and 50-day EMAs have confirmed their bullish crossover 2 sessions ago, the stock looks positive in the near term. A bullish bias may emerge above the RM1.44 level, with a stop-loss set at RM1.34, below the 11 Apr low. Towards the upside, the near-term resistance level is seen at RM1.55, followed by RM1.60.

Entry : RM1.44–1.46

Target : RM1.55, RM1.60

Exit : RM1.34

Source: AmInvest Research - 14 Apr 2023

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