Dayang Enterprise Holdings is attempting to move higher as it tested the MYR1.92 immediate resistance yesterday. If a breakout above that level occurs, the stock is likely to trend higher towards the MYR2 mark, followed by the next resistance at MYR2.20. Conversely, a fall below the MYR1.80 support would signal a reversal of the positive trend, as the stock's price would trade below the SMA line and form a “lower low” bearish pattern.
Source: RHB Securities Research - 20 Oct 2023
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Created by rhbinvest | Sep 27, 2024