RHB Investment Research Reports
Trading Stocks - Dayang Enterprise Holdings
rhbinvest
Publish date: Fri, 20 Oct 2023, 09:30 AM
rhbinvest
0 3,568
An official blog in I3investor to publish research reports provided by RHB Research team.
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
Dayang Enterprise Holdings is attempting to move higher as it tested the MYR1.92 immediate resistance yesterday. If a breakout above that level occurs, the stock is likely to trend higher towards the MYR2 mark, followed by the next resistance at MYR2.20. Conversely, a fall below the MYR1.80 support would signal a reversal of the positive trend, as the stock's price would trade below the SMA line and form a “lower low” bearish pattern.
Source: RHB Securities Research - 20 Oct 2023
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