DAYANG made a minor Wave 4 low of RM1.22 in October ’09, with grossly oversold signals. The stock is in a firm major Wave 3 uptrend, confirmed by the positive crossover from the indicators. We feel that DAYANG will rise and test the stipulated resistance and target levels above.
SHORT-TERM BUY (TECHNICAL) on dips for DAYANG with good support areas at RM1.75 and RM2.01, and great potential to reach its stipulated resistance level of RM2.07 and target areas of RM2.14 and RM2.60. Stop-loss is at RM1.73
resource : maybank investment
