Daythree Digital may trend higher after it formed a long positive candle and closed above the key RM0.40 resistance 2 sessions ago. The 20-day and 50-day EMAs have established a bullish crossover since early June, likely suggesting that upward momentum is picking up further. A bullish bias may emerge above the RM0.40 level with stop-loss set at RM0.37, below the 20- day EMA. Towards the upside, near-term resistance level is seen at RM0.45, followed by RM0.50.
Entry : RM0.40–0.415
Target : RM0.45, RM0.50
Exit : RM0.37
Source: AmInvest Research - 1 Jul 2024
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Created by AmInvest | Nov 21, 2024