DAYANG (Not Rated)

• DAYANG gained 10.0sen (+4.63%) to close at RM2.26 yesterday.
• Chart-wise the stock has been on an uptrend since late-May.
• Yesterday’s bullish candlestick formation has lifted the stock to close above all key-SMAs. Despite its RSI hovering at overbought levels, we believe there are more upsides for the stock as all key-SMAs appear to be showing healthy signals.
• Should the stock trend higher, key resistance can be found at RM2.40 (R1) and RM2.60 (R2).
• Conversely, its key support levels are found at RM2.00 (S1) and RM1.70 (S2).

INARI (Not Rated)

• INARI gained 4.0sen (+2.22%) to end at RM1.84 yesterday.
• Chart-wise, the stock has been on a downtrend since late-October.
• Yesterday’s candlestick formation has pushed the stock to stay above its 100-Day SMA, backed by above average trading volume. Given that RSI and Stochastic appear to be at oversold levels, we believe the stock is set for a technical rebound and could continue its upward momentum from there on.
• Should the buying momentum persist, key resistance can be found at RM1.95 (R1) and RM2.10 (R2).
• Conversely, downside supports can be identified at RM1.60 (S1) and RM1.40 (S2)

Source: Kenanga Research - 6 Dec 2019