DAYANG trade ideas
<TradeVSA> High volume in 30 minute chart by DayangSignals in the chart:
1. Increasing volume on bars
2. Narrow spread bars with low volume
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This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
<TradeVSA> Dialog vs. Serba Dinamik vs. Hibiscus vs. Dayang1. 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 as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
Short Term (Contra Trade) : Dayang1) 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 - Strong fundamentals w/ 2 consecutive profiting quarters and bullish sectors (oil), mid term trade is feasible with next quarterly report in end of May 2019
2 trades will be entered, one for long term holding and one for short term
Entry - 1.38 (risk to reward : 4.86)
Exit - 1.55 (12.32% gain - short term)
Stop Loss - 1.345 w/ high volume (-2.54%)
DAYANG RE-ENTERING PRICEDayang 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) Retracement to Its Gap?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 to drop towards RM1.18 to close its 1st gap.
If there is a need to head towards its 2nd gap that will be real cruel to all investor and trader whom did not fold this stock at high.
Know when to hold'em, and most importantly know when to fold'em.
**IMPORTANT**
Ideas shared are merely just for analysis and studies. No buy or sell call actions should be taken seriously unless the person reading this has done his/her part of analysis at their own free will.
Technical Update: Dayang Enterprise Holdings Berhad (5141)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.
Based on technical analysis, the retracement targets are T1 at 1.12, T2 at 0.975, and T3 at 0.775.
$DEHB.KL #FBMKLCI #KLCI #BursaMalaysia
DAYANG 2nd Entry Opportunity Based on its strong momentum, it won't retrace much. RM 1.360 is good entry point if support forms on this level
Dayang - Where is this one may be heading to?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 (5141) LongDAYANG 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 (5141) LongDAYANG 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 ENTERPRISE HOLDINGS BHD Stock Code 5141Possible 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.
