Dayang Enterprise is poised to extend the upside movement, and may breach the immediate resistance of MYR1.05. The stock underwent a strong rebound yesterday and printed a “higher low” bullish pattern, which indicates that the bulls still have the technical advantage. If a bullish breakout happens, expect the positive momentum to lift the stock to MYR1.10 followed by MYR1.18. On the flip side, falling below the MYR1.00 support would nullify our expectation.
Source: RHB Securities Research - 24 Aug 2022
Chart | Stock Name | Last | Change | Volume |
---|