Author Topic: Technical Update: Dayang Enterprise Holdings Berhad (5141)  (Read 91 times)

Offline Trendtrader7

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Technical Update: Dayang Enterprise Holdings Berhad (5141)
« on: March 19, 2019, 12:03:18 PM »
DAYANG flashed the first warning sign when it formed a 2-day candlestick pattern, bearish engulfing, on the March 18.

The stock then broke the parabolic curve pattern this morning (March 19). To read more about the pattern, kindly refer to following link - https://goo.gl/ikUEgC. What a stock breaks a parabolic curve pattern, it has three retracement targets. Simply put, the stock will reverse 50%, 62% or 78% from the inception to the peak of the rally.

Based on technical analysis, the retracement targets are T1 at 1.12, T2 at 0.975, and T3 at 0.775.

$DEHB.KL #FBMKLCI #KLCI #BursaMalaysia

For charts, kindly refer to https://www.trendtrading7.com/blog/technical-update-dayang-enterprise-holdings-berhad-5141