Dayang was enormously dipped on Feb 2020 amid the Covid19 pandemic and found support at Fibonacci 1.27. The share was still struggling below resistance level R1, however, has indicated several bullish reversal patterns including Double Bottom and, Inverted Head and Shoulder.. The price is on the cusp of breaking R1 since Feb 2021 after remain undecided for further trend direction. If the price could close significantly above R1, our minimum target for Inverted Head and Shoulder, coincide with Fibonacci target level 2.618 is at 2.275. On the flipside, price movement below support S1 could push the price lower to 0.48.
Disclaimer: No trading strategy provided here. Our content is intended to be used and must be used for technical analysis education purposes only.
Disclaimer: No trading strategy provided here. Our content is intended to be used and must be used for technical analysis education purposes only.