DAYANG STAGES PATTERNWhen it comes to bear market, we have to see what the price will move.
Just predict based on technical analyst .
Dayang i just want to add for my watchlist.
DAYANG trade ideas
DAYANG may signal end of Oil SlumpLooking at the chart for Dayang Enterprise Holdings, here's my analysis:
Current Price Action:
- Trading at RM2.21, down 1.34%
- Moving averages in bearish alignment:
* SMA 10: 2.30
* SMA 20: 2.22
* SMA 50: 1.95
* SMA 200: 1.67
Elliott Wave Analysis:
- Currently in wave (iv) of a larger correction
- Complex correction pattern with multiple abc waves
- Key support level at RM1.96 needs to hold
Technical Structure:
1. Support Levels:
- Critical support at RM1.96 (red dashed line)
- Moving average support at RM1.95 (50 SMA)
- Major support at RM1.67 (200 SMA)
2. Resistance Levels:
- Immediate resistance at RM2.42
- Secondary resistance at RM2.80 (previous high at point b)
- Volume resistance zone around RM2.60
Notable Financial Events:
- September 2024: MYR234.368M (+625.17%)
- June 2024: MYR32.319M (+203.95%)
- Net income showing improvement: MYR222.267M (-14.02%)
Trading Considerations:
- Currently in consolidation phase
- Watch for break above RM2.30 for bullish confirmation
- Stop loss could be placed below RM1.96
- Volume (5.82M) showing decent market participation
DAYANG CONTINUE MARK UPI have been in & out of this stock for this year
Looks like a short term swing might be benefit
A classic Re-Accumulation in a Bigger Time Frame of Mark up
Position initiated from the BUEC site, with intention that this might be a BO of Buec
Pure Wyckoff
Anything can happen, risk always no 1 priority
DAYANG TO CONTINUE MARK UPI just added a new position today @ 2.36
My previous hypothesis still valid
Please refer to my previous post regarding Dayang
Pure Wyckoff
Dayang Continuation of Mark UpThe Gap up today mark the continuation of mark, Breakout of BUEC
*refer prev analysis
In view of that, Position initiated as attached
Pure Wyckoff
DAYANG MARKUPAccumulation Scmatic #2
Rising Bottom
point of entry intiated based on POE #4 (BO Buec)
Pure Wyckoff
Dayang, What a attractive Risk to Reward ratio!To gain in stock market is not difficult. But it require a strong discipline and patience.
From Dayang counter, if you apply VCP pattern and enter at its breakout zone which is 23Aug2022, by now you are enjoying at least 40% profit margin in 82 days.
Imaging if your entry price is RM1.000 with stop loss setting at RM0.910, your risk is around 5%.
What a attractive Risk to Reward ratio!
Dayang Simple Chart AnalysisDayang - 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.
Dayang Simple Chart AnalysisDid flash out before to monitor once resistance breakout. Current movement will retest the next resistance area.
DAYANG: Immediate target at 1.3#DAYANG (Case Study)
New 52WH as price manages to sustain above support 1.06 and breaks R 1.17.
Current Demand area 1.14-1.18 supported with uptrendline.
Immediate target at 1.3 at previous SBR area.
Lets monitor closely!
*Personal opinion trade at your own risk*
DAYANG ENTERPRISE HOLDING OUTLOOK (05/04/2022)This counter is showing a sideways neutral movement from a long time. but is expected to make a upward trend.
If its breaks the resistance of 0.950 then make an Recent All time high.
It is expected to go up till 1.020.
Resistance:- 0.950,1.025
Support:- 0.920, 0.885
The Relative Strength Index (RSI) is at 66.64
DAYANG to benefit from oil price rally?A good opportunity to scalp at low risk
expect continuous rally once QR report come out with positive outcome
Queue for DayangMy 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 possibility of a Cypher patternJust a prediction, traders may look for additional confirmation.
If the candle goes down past the 0.786 fibo retracement, it can be assumed that the gap below (0.785) will be closed first before making a rise
Disclaimer
Any information contained in this page should be considered as general information, research and learning only. I am not responsible for any actions and decisions made based on the information from this page. Thank you
#TAYOR
DAYANG possible forming a triangle pattern. 2/August/21DAYANG (Oil & Gas Stokc) Price seem ranging above Rm0.70 for many months possible a triangle pattern forming.
DAYANG - Volume Profile Analysis (Worth To Monitor)DAYANG is trading around @ 1.180 (52 weeks point of control as future support/resistance)
It's worth to monitor the price volume action near this level to determine whether a rebound with higher than average volume will take place or the downtrend continues
Disclaimer:
This is intended to be used and must be used for technical analysis education purposes only. Trade at your own risk.
DAYANG - Pre Consolidation BreakoutNO INVESTMENT ADVICE IS PROVIDED
DISCLAIMER
Please consider your own interpretation of Opportunity & Risk. The author of this post strictly follows the Malaysian Security Commission ( SC ) Guidelines on the prohibition of Investment Advice by unlicensed parties. Any examples shall use historical charts without any recommendations and not to cause inducement to the public to take action or position (e.g. buy, sell or hold) regarding a particular class, sector, or instrument in relation to securities or derivatives. The author will never provide any investment or trading advice as the activity of giving investment advice is likely to be considered as a regulated activity under the Capital Markets and Services Act 2007 ( CMSA ). All posts made in Tradingview do not include any communications involving providing recommendations or opinions or includes any material, content or any statement which are likely to induce a person to take any action or position (e.g. buy, sell or hold) regarding a particular class, sector, or instrument in relation to securities or derivatives that is likely to be considered as “advising others concerning securities or derivatives”. The author will not recklessly make any statement, promise or forecast that is misleading, false or deceptive to induce or attempt to induce another person to deal in securities or derivatives. None of information posted in post can be used as investment decisions. Do not trade solely on the information posted. Trade at your own risk and judgement. A trader could potentially lose all money. Only risk capital that can be lost without jeopardizing ones financial security of lifestyle. Please seek licensed professional guidance if you plan to invest your capital seriously.
Outlook on DayangDayang had retested 1.3~ 1.35 region and shown very bullish candle in the last trading days.
Most likely will go back above the trendline.
I am neutral with this pick and reconsider a long once it go back above 1.4 region.
Disclaimer:
This is solely a sharing of investment idea and does not serve as an investment advice.
Any losses incurred due to this post wouldn't serve as a liability to the author.
<TradeVSA> Sign of Strength in Re-accumulation - DAYANGSign of Strength in the chart:
1. Reaccumulation
2. NS signal near 20/40ma
3. Volume increase
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
Time to Collect & Ready for Energy? DAYANGMYX:DAYANG
Price stopped drop at key fibo area + trendline area.
Correction time almost same 60 days +++
Buy DayangDayang currently in daily the price still moving uptrend.....for your fact, the range of price movement for impulse in Dayang is consistent which is good for our target.
Why i go for long???
- Price is on daily/weekly support ( RBS )
- Price is on the trendline
- Daily candle also show bullish signal (hammer)
- Fibonacci retracement is on the level 50%
Use your suggested lot and take care of your money management.
Entry price: 1.35
Cutloss: below than 1.31
Target profit: 1.70 , 2.00
R:R ratio= 1:10
