Dayang Enterprise is eyeing to continue the upside movement after staging a bullish breakout. The counter underwent a strong positive price action yesterday, printing a long white candlestick. After having broken past the MYR2.13 resistance, we expect follow-through momentum to lift it towards the next resistance at MYR2.35, followed by the MYR2.50 level. On the other hand, falling below the MYR1.95 support will dent market sentiment and trigger fresh corrections.

Source: RHB Securities Research - 21 Jan 2025