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Dayang Meet our highest take profit number..

Written By Unknown on Saturday, 24 November 2012 | 11:29:00 pm

Buy Call on Nov 14


E ( Entry) 2.23 ( Closed at or above it)  -
S ( Stop Loss) : 2.19
P ( Profit) :2.27  ( MEET TARGET) 
RRR (Risk to Reward Ratio) = 1 (Average)

E ( Entry) 2.23 ( Closed at or above it)  -
S ( Stop Loss) : 2.19
P ( Profit) :2.34  ( MEET TARGET) 
RRR (Risk to Reward Ratio) = 2.75 (Rewarding)



Now it is testing the next resistance at 2.36





Indicators
1 ) Trendline - Broke above the downtrend line .. ( Bullish)
2)  Support/Resistance - Formed higher high and  formed higher low ( Bullish
3) MACD - Positive( Bullish) .
4) RSI - Retracing towards 50% (Bearish) ,
5) STO - Both signal are meeting each other above 80%. If bearish crossover  on next trading day will indicate the resistance is too strong and the price might retrace back to 2.28 to back up..
6) Ichimoku -  a) Price above  the support cloud Bullish)
                       b) Conversion line  above the base line ( Bullish)
                       c) Price close below the baseline ( Bullish)
7) Candlestick pattern - Bullish Engulfing (bullish). 
8) Company performance - Earning positive trend and positive dividend

Stock Performance Chart for Dayang Enterprise Holdings Bhd


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Conclusion:
Bullish but KLSE poor sentiment are impact overall stock counters..



E ( Entry) 2.38 ( Closed at or above it)  -
S ( Stop Loss) : 2.32
P ( Profit) :2.44
RRR (Risk to Reward Ratio) = 1 (Average)







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