· TOPGLOV (Take Profit @ RM8.50). Recall, we issued a Trading Buy call with the expectation that share price will break out from a triangle pattern to reach a TP of RM8.50. As expected, the share price broke out from the triangle pattern yesterday and rose to an intra-day high of RM8.50 before retreating to settle at RM8.18. While being traded above all key SMA levels, main indicators are displaying mixed signals. Note that MACD is above its positive Signal line but RSI and Stochastic Indicator are showing inverse signals, with RSI hooking upwards while Stochastic Indicator is headed downwards upon exiting its overbought territory. In view of our prior technical target being met and a potential consolidation in the making, we opt to lock in our gains for now. We shall revisit this stock if the technical picture become compelling again.

· DAYANG (Not Rated). Yesterday, DAYANG surged 12.0 sen or 7.32% to break above its key 20-day SMA level on back of stronger crude oil prices. Coupled with above-than-average trading volume, all key indicators are hooking up especially Stochastic indicator, which is reversing from oversold territory. Despite the primary trend still remaining down, we believe there is a near-term upside potential if oil prices continue to strengthen, underpinned by news on oil production cut in the US. Technically, once it manages to break out from its immediate resistance of RM1.79 (R1), we believe it will rally towards our objective measurement of RM1.99 which coincides with its +2SD regression line.