DAYANG ENTERPRISE HOLDINGS BHD Stock Code 5141
Target Price RM0.890
Last closing price RM0.800
Potential return 11.2%
Support RM0.750
Stop Loss RM0.720
Possible for further upside. DAYANG’s price is recovering from pullback. Improving RSI and MACD indicators currently signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in near term. Should resistance level of RM0.835 be broken, it may continue to lift price higher to subsequent resistance level of RM0.890.
However, failure to hold onto support level of RM0.750 may indicate weakness in the share price and hence, a cut-loss signal.
source: Public Bank Research – 13/03/2018
