Rakuten Trade Research Reports

Technical View - Dayang Enterprise Holdings Bhd (DAYANG, 5141)

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Publish date: Mon, 14 Oct 2019, 09:56 AM
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Dayang Enterprise Holdings Bhd (5141)

• DAYANG rose 7.07% or 13 sen to RM1.97 last Friday.

• Since our report on 1 Oct 2019, share price has risen 17.3%, breaking its key resistance levels along the way. Last Friday’s positive long white candle could suggest sustained buying interest coupled with bullish MACD, share price may rise higher.

• From here, resistance levels are expected at RM2.00 (R1) and RM2.10 (R2).

• Conversely, downside supports levels are seen at RM1.65 (S1) and RM1.60 (S2).

Source: Rakuten Research - 14 Oct 2019

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