DAYANG (Not Rated)

• Yesterday, DAYANG declined 4.0 sen (-3.31%) to close at RM1.17.
• After the bullish run that happened from January to early March 2019, the share is now on a downtrend.
• Key technical indicators are looking bearish. Coupled with the overall weaker market sentiment, we think that the share is likely to further decline.
• Expect the share to test its immediate support at RM1.05 (S1), which is also where the 100-day SMA is. A break below S1 will then see next support at RM0.875 (S2).
• Conversely, resistances can be found at RM1.40 (R1) and RM1.50 (R2).

CYPARK (Not Rated)

• CYPARK gained 5.0 sen (+3.27%) yesterday to end at RM1.58.
• From a charting perspective, yesterday’s candlestick resembles a Bullish Engulfing pattern, possibly indicating a bullish reversal may come soon.
• Moreover, the stochastic indicator had just rebounded from the oversold zone.
• From here, the share may head back up to its resistances at RM1.65 (R1) and even RM1.70 (R2).
• On the other hand, RM1.50 (S1) is a good support level for interested investors to put some position in while a break below RM1.45 (S2) is deemed highly negative.

Source: Kenanga Research - 15 May 2019