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

Popular posts from this blog

FBM KLCI Technical Outlook

Malaysia Inflation to start easing end-3Q or early 4Q2011

Trump’s Win – Bark Worse Than Bite?