Possible for sideways breakout. DAY3 is potentially staging a breakout from its sideways channel, with anticipation of continuous improvement in both momentum and trend in the near term. Should immediate resistance level of RM0.385 be broken with renewed buying interest, it may continue to lift price higher to subsequent resistance level of RM0.420
However, failure to hold on to support level of RM0.335 may indicate weakness in the share price and hence, a cut-loss signal.
Source: PublicInvest Research - 12 Mar 2024
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Created by PublicInvest | Nov 05, 2024