Daily Trading Stock: Dayang Enterprise Holdings Bhd

Dayang  will  likely trade lower if the 4-month support level of RM1.94 is violated. Liquidation can be made if it  that  happens and supports should come at the Fibonacci retracements of Oct-Feb rally
at RM1.83 and RM1.70. However, a close above the 1-month high of RM2.03  indicates  that  the support level is holding firm and a rebound is in store.  Expect strong resistance at  the  2012 high of RM2.20.

Source: OSK