Signals in the chart:
1. Increasing volume on bars
2. Narrow spread bars with low volume
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1. Dialog
a. Accumulation with shakeout
b. High volume UT
2. Serba Dinamik
a. Spring with Pullback
b. Holding above 40MA
3. Hibiscus
a. Failed breakout and back to accumulation
4. Dayang
a. Continuation on Mark-Down
b. No strength yet
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Disclaimer
This information only serves...
1) Market Outlook - Global Market (green), KLCI (green), WTI (green), Brent (green) ~ Friday (12/4) closing
2) Sector Index - Construction (red), Energy (red), FMBSCAP (green) - Friday (12/4) closing
3) Technical Analysis - Selling pressure reducing w/ volume , I am aiming for a bounce off resistance trend line and resistance at 1.38
4) Fundamental Analysis -...
Dayang is a servicing company. Price is affected much by government contracts rather than fluctuation of oil price. Stabilization of BRENT in range of USD66-70 is good for oil industry. I believe Dayang has another good show coming.
Highlighted area is another good buying price for dayang.
DAYANG (5141) a darling stock for all since January 2019
One of the darling oil & gas stocks in Malaysia that rallied +250% ROI within a span of 3 months!
Golden Crossover of the 3 lines formed in the month of February 2019.
Mid point price resistant at RM1.70
Price retrace from RM1.70.
1st gap at RM1.18
2nd gap at RM0.825
DAYANG looks comfortable...
DAYANG flashed the first warning sign when it formed a 2-day candlestick pattern, bearish engulfing, on the March 18.
The stock then broke the parabolic curve pattern this morning (March 19). What a stock breaks a parabolic curve pattern, it has three retracement targets. Simply put, the stock will reverse to 50%, 62% or 78% based on the inception of the rally....
For me I think Dayang is having lots of attention and buyers keep coming in. It just broked the level FIBO retracement from highest point to the lowest and currently trading at above FIBO 23.5%.
Next target would be FIBO 38.2% which is at about 1.8. We will see if it will continue the journey there.
DAYANG broke its 12 month resistance (R1) at 0.875 and completed a rounding bottom pattern on 25th Feb 2019 with an astounding volume of 152.77mil. The stock now has a target of 1.21 (T1) based on this chart pattern.
$DEHB.KL #FBMKLCI #KLCI #BursaMalaysia
DAYANG broke its 12 month resistance (R1) at 0.875 and completed a rounding bottom pattern on 25th Feb 2019 with an astounding volume of 152.77mil. The stock now has a target of 1.21 (T1) based on this chart pattern.
$DEHB.KL #FBMKLCI #KLCI #BursaMalaysia
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.
