Energy - Market recent rise seem to have favour the commodities too. Perhaps we all can take a look into our klse energy index. Once this pattern complete, it will set towards the next resistance 854 area there to complete the rounding bottom pattern. Individual may monitor Hibiscus & Dayang.
Dayang - For energy sector in KLSE, you may take a look at this possible rounding bottom to form towards 1.65 area. Individual may use 1.2 area as support if to trade in. Red chip keep appearing all the way for this counter.
Did flash out before to monitor once resistance breakout. Current movement will retest the next resistance area.
My buy limit will be at around RM 1.02 area before take long position to near RM 1.16 or 1.225 in extension. TAYOR
DAYANG (Oil & Gas Stokc) Price seem ranging above Rm0.70 for many months possible a triangle pattern forming.
MYX:DAYANG Price stopped drop at key fibo area + trendline area. Correction time almost same 60 days +++
DAYANG break DLT
Completed all the accumulation phases. We see massive accumulation during spring formation. Now, this is an area for LPS. I will wait until stochastic is oversold below the previous dip Find the divergence in lower TF to be more complete.
Re-accumulation with CnH pattern. There are multiple TP target 1. PnF for accumulation 2. Fibo extension 3. CnH
DAYANG just recently break cup and handle formation. The target price will be around 2.31
DAYANG Theme: O&G Rst: 1.80 Spp: 1.46 Bullish breakout from long consolidated flag formation, which means the stock will now unlock momentum towards upper BB zone, before arriving another resistance at 1.80
DAYANG Theme: Oil & Gas Rst: 2.00/ 2.16 Spp: 1.46 Bullish breakout from key resistance level at 1.46, BB can be observed widening sharply as well, and being supported by substantially larger volume, looking for further upside. Filling up gap at 2.16 is possible.
DAYANG Rst: 1.18 Spp: 1.09 Doji candlestick, sustaining indicators, no sign of pull back at the moment. Current resistance zone is 1.16 to 1.18, once this zone is penetrated, next will see MA200.
Already in Bullish area, the risk-reward is heavily skewed to the upside. Potential target 1.5 ~ 2.15
Strategy - Price entry at 1.36 with Stop Loss set at 1.165. - Resistance at 1.50. - 1st TP at 1.50, 2nd TP at 1.65, 3rd TP at 2.05. Technical Analysis - Current price moved at above 25 & 50 Moving Average which also serves as the support level. - 1st Southern Doji formed on 14 May 2020. Morning Doji Star also formed for these 3 days. - 2nd Southern Doji formed...
Cup and Handle chart is likely to practice in the future to expect to have an extremely sharp increase pattern the price 1.29 hit the trend line that I have drawn, could be considered the pretty good price to entry, Lower low higher high created, However, there will have a better sign, support long position if the volume today is higher than before. This is...
Detail @ The Chart