According to RHB Retail Research, Dayang Is Resuming Its Recent Upswing Reversal

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Dayang Enterprise Holdings Bhd is renewing the previous uptrend reversal, according to RHB Retail Research, when it pushed above the immediate resistance of RM1.02 – printing a White Marubozu candlestick.

The research house stated in a trading stocks note today that if the stock remains above that level, momentum is projected to carry the stock towards the next resistance of RM1.16, before perhaps hitting the RM1.29 obstacle.

“However, if it falls below 97 sen – below the 21-day average line,” it said, “this expectation would be annulled.”

Published by Zack Baharum

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