• Target Price: RM1.75, RM1.65
• Last closing price: RM1.90
• Potential return: -7.8%, -13.1%

Upside may be capped. DAYANG’s share price is showing signs of pullback amid persistent profit taking activities, signifying possible halt in prior surging rally. Weakening RSI and fast-paced MACD indicators currently signal an exit to sell into strength, anticipating performance in momentum and trend to remain weak in near term. Should support level of RM1.85 be broken, it may continue to drive price lower to subsequent support levels of RM1.75 and 1.65.

Note that the potential halt in uptrend presents an opportunity for profit taking instead of intraday short selling

Source: PublicInvest Research - 6 Nov 2019