DAYANG
Sector: Oil & Gas Services
Analyzed on 23/01/2022
DAYANG has been on an obvious downtrend since early 2020. Recently with the Brent Oil price climbing to $88/bbl, the market sentiment for oil and gas counters seem to have reignited. As one can observe, although DAYANG has climbed above its EMA25/50 and both EMAs are turning upwards, it is still too early to confirm if DAYANG has reversed its downtrend. This could be yet another fail trend reversal just like those few months ago. Do be reminded that lower-lows indicates bearish trend. DAYANG needs to break its previous swing high, at RM1.09 before a trend reversal can be confirmed.
--------------------------------------------------------
Follow our FB and telegram channel for more investing and trading analysis. Share it out to your friends and family!
TELEGRAM :https://t.me/nottinvest
FB PAGE :https://fb.com/NottInvest
--------------------------------------------------------
Cheers
NOTT INVEST
Disclaimer:
This content by NOTT INVEST, is in no way a solicitation or offer to buy or sell securities or investment advisory services.
Readers should always seek the advice of an appropriately qualified professional and perform due diligence before making any investment decisions.
We shall not be liable for any errors or inaccuracies, regardless of cause.