DAYANG trade ideas
FLY DAYANG FLY! 100% BULLS POWER?- Chart above MA 200, shows a strong bulls power
- Chart break out on D1 timeframe
- Good volume on the breakout
- RSI above 50 and showing uptrend momentum
- Profit taking are currently happening
- Chart moving into SNR area
Other info
- Oil price are showing positive moves
- Energy industry breaks MA 200
Recommendation - Buy at 1.30, TP at 100%, SL at 15%. RR = 1:6
TAYOR.
DAYANG - BULLISHRefer to Dayang chart, the stock has beautiful reverse in rounding bottom pattern.
The stock has run with an impulse 5 waves up since November, and take a pause when hits resistance at RM1.33. Since then, the stock is going through the consolidation.
There is possibility the consolidation is over with ABC waves formed and uptrend movements are expected to continue in near term of trading days to come. However, if price broke below RM1.08, likely the stock will experience more complex consolidation before uptrend waves resume.
Suggest to consider smaller lot for long, and if price broke above RM1.33, then consider top up long positions.
Happy trading!
DAYANG THE UPCOMING BULL, WILL IT BE STOPPED OUT ?WEEKLY
Good bullish uptrend, MACD has shown a Buy Cross with supported RSI trend
DAILY
Daily dayang shows a good uptrend ; BULLISH !
buy on during retracement - Daily chart shows Bull might be out of steam soon !
Currently MACD and RSI is way on the upside, RSI shows way overbought on daily, Dayang will come down a little while it test the resistance
for those who wants to enter, wait for the MACD sell signal on a daily chart
Possible near Resistance: 1.45
Current price: 1.29
TP upside : +0.16
DAYANG AKAN ULANG BULLRUN??MAIN SECTOR(ENERGY)- SYARIKAT DAYANG
POINT:
1. CURRENTLY PRICE IS IN DOWN TREND BELOW 200MA, AND ABOVE 50MA.
2. PRICE STARTING TO GO HIGHER, ENTERING STAGE 2 IF 50MA CROSS 200MA.
3. SUPPORT 1.130,1.040. RESISTANT 1.330, 1.550.
4. FUNDAMENTAL IS QUITE GOOD.
5. VOLUME IS RISING WITH PRICE.
6. HISTORY OF BULLRUN SEVERAL TIME.
6. CAN TRADE, EXPECTED PRICE WILL GO HIGHER DUE TO VACCINE, ECONOMY RECOVERY, AND GLOBAL OIL PRICE.
BullishDayang has recently made a pre mature double bottom, signify a positive signal of a trend change. The price has recently break a bullish flag, preceded by a Golden Cross in the past weeks. Our view is bullish on today's close. The price may meet resistance level at 1.55 on the way up to our price target at 2.00. In the opposite scenario, the move below the support of 0.70 will drive the price lower.
Disclaimer: The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
DAYANG - Sleeping Bull or Snoring Bear ?Opportunity and Risk
DISCLAIMER: This analysis is for educational and informational purposes only. It is based on my personal view in the market from a technical standpoint. None of information posted in this page can be used as investment decisions except for educational purpose only. Do not trade solely on the information posted in this page. 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.
PENAFIAN: Analysis ini hanyalah untuk tujuan pembelajaran & pendidikan sahaja dan bukan cadangan untuk membeli atau menjual stok atau apa jua jenis instrumen kewangan. Anda dinasihatkan untuk menghubungi remieser / dealer / bank pelaburan yang mempunyai lesen atau kelayakan yang sah untuk bertanyakan pendapat dan menguruskan pelaburan anda. Pelaburan dan perdagangan mempunyai risiko tinggi, dan ianya adalah Risiko Anda Sendiri.
<TradeVSA> Potential Entry for Dayang?Strength Signal in the Chart:
1. Green pentagon signal
2. Hourly shakeout
3. Test bar at hourly chart
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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
