RHB Retail Research
Trading Stocks - Dayang Enterprise
Dayang Enterprise formed a second consecutive white candle on strong volume, as it tried to decisively breach above the 21- day SMA line, thereby extending the rebound. An upside breach of MYR1.24 would signal such a possibility, with the next resistance levels expected at MYR1.29 and MYR1.33. A downside breach of the MYR1.20 support level would cancel this expectation.
Source: RHB Securities Research - 14 Jan 2021
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