Mar 2, 2016

Dayang: Flag Formation Breakout

Dayang  Stock Code : 5141

Dayang chart analysis

DAYANG experienced a flag formation breakout above the RM1.31 level with higher-than-average volumes. The MACD Line is trending positively above zero, but the RSI is overbought. Price may rally towards the target of the RM1.40-RM1.56 levels after a short consolidation. Support will be set around the RM1.26 level.

Source: Malacca Securities - 02/03/2016

The Company is an investment holding company. The principal activities of subsidiaries are the provision of offshore topside maintenance services minor fabrication operations offshore hook-up and commissioning and charter of marine vessels relating to the Oil and Gas Industry.