Daythree Digital broke out from its 1-month rectangle pattern with a long white candle on Friday, implying that a bullish reversal sign may have occurred. Given that the stock has also recovered above the 20-day EMA, this recovery paints a positive sign. A bullish bias may emerge above the RM0.365 level, with stop-loss set at RM0.32, below the 50-day EMA. Towards the upside, near-term resistance level is seen at RM0.43, followed by RM0.47.

Entry : RM0.365 – 0.385

Target : RM0.43, RM0.47

Exit : RM0.32

Source: AmInvest Research - 30 Oct 2023