DAYANG (5141) - Technical Analysis

Technical Analysis

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- DAYANG shares price completed triple top (Reversal Pattern) on May 5-2019 with a bearish bar chart. (Reference 1)

- It continued the downward trend and closed two (2) previous gap up on Feb 22-2019 and May 1-2019 respectively.

- After a significant drop in DAYANG shares price, it stopped the downward trend at RM0.88

- Oil Rises Over 2%; Saudis Talk up Cuts Amid Fed Easing Hopes

- With RSI and MACD movement, it indicates higher momentum to push DAYANG shares price to a higher level to close the gap down on June 26-2019.

- From the technical analysis perspective, RSI moves divergence again DAYANG shares price on June 4-2019 which further support DAYANG shares price.

- Resistance R2: RM1.330

- Resistance R1: RM1.110

- Support S1: RM0.925

- Support S2: RM0.880

Reference 1