RHB Retail Research
Trading Stocks - Dagang Nexchange
Dagang Nexchange could move past its consolidation phase of MYR0.77, as it bounced off above the 21-day SMA line on improved trading volume. If it manages to break that level, we expect an uptrend bias to emerge, to propel the stock towards the next resistance of the MYR0.865 recent high, followed by the MYR0.935 multi-week high. Conversely, falling below the MYR0.705 support will cancel this expectation.
Source: RHB Securities Research - 17 Sept 2021
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