Saturday, January 11, 2020

Technical Analysis Jan 2020: DAYANG (5141)



DAYANG ENTERPRISE HOLDINGS BERHAD 

Observation from Chart:-

DAYANG forming higher high & higher low. (From RM0.87 to RM2.54, +195.6%)

How high will it go?

Other indicator:-
MACD trade at positive region, uptrend itinerary.
Stochastic %K on BUY call.

Immediate resistance @ RM2.54
If breakout RM2.54, higher high is confirm. Uptrend will resume.

Immediate support @ RM2.34
Subsequent support @ RM2.20

Let's watch closely...

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