Dayang - technical stock pick
Bursa Malaysia stock : Main Board : stock code 5141 Dayang
Chart wise : Highest high since 25/4/2008……………
Dayang had on 21/12/2009 crossed
over the immediate high of RM1.50 to reach the highest
high of RM1.56 since 25/4/2008 before settled at RM1.58.
Next Potential Upside Target : With the upside
violation of RM1.50 level, Dayang would thus be likely to
trade upward with next upside target at RM1.68.
Entry Level : Risk taking traders may establish buying
position at RM1.55.
Stop Loss Level : Once a buying position is being
established, a stop loss level at RM1.42 level must be
placed for risk capital protection purpose followed by
trailing stop loss strategy.
source mercury research