DAYANG (Not Rated)

• Yesterday, DAYANG rose by 3.0 sen (+2.04%) to close at RM1.50.
• The share has rallied since early May after bottoming out.
• Yesterday candlestick gapped due to strong buying momentum. Coupled with healthy key SMAs and upticks in RSI, we believe the bullish momentum may persist.
• With that, key resistance levels can be seen at RM1.60 (R1) and RM1.75 (R2).
• Conversely, support levels can be identified at RM1.30 (S1) and RM1.10 (S2).

PMBTECH (Not Rated)

• PMBTECH gained 10.0 sen (+3.12%) to end at RM3.30 yesterday.
• Chart-wise the share has been consolidating while trending closely to its 20-Day SMA since early-June.
• Yesterday’s bullish candlestick punched through the 100-Day SMA. Coupled with uptick in key technical indicators and above-average trading volume, we expect further upside to be seen.
• Key resistance level to look out for is RM3.50 (R1), where a break above would see the share head towards RM3.70 (R2).
• Conversely, support levels can be identified at RM3.10 (S1) and RM2.70 (S2).

Source: Kenanga Research - 31 Jul 2019