Monday, June 20, 2016

Technical Analysis June 2016: DAYANG (5141)


DAYANG ENTERPRISE HOLDINGS BERHAD 

Observation from Chart:-

DAYANG retest RM1.00 strong support level.

Will it form "W" pattern & kick off strong rebound?

Other indicator:-
MACD trade at negative region, downtrend itinerary.
Stochastic %K already trigger BUY call, pending confirmation.

Immediate resistance @ RM1.21
Subsequent resistance @ RM1.24

Immediate support @ RM1.02
Subsequent support @ RM1.00

Let's watch closely...

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