Dayang Enterprise Holdings Berhad (5141) on 17.3.2019

Let’s talk about one of the hottest stock: Dayang.

The impulsive price action has gone from RM0.60 to RM1.71 in 1.5 months time. This was mainly due to news disseminated from various sources. Moreover, the encouraging quarter result acts as the catalyst and further boosted up the price.

11.3.2019 candle with high volume shows distribution according to chart reading. The price did not increase with volume. Although the price increased for the next 4 days, the volumes are lower compared to the volume on 11.3.2019.

The volume during this 1.5 months is the highest compare to the last two years volume. Isn’t that something to think about?

Author: Gerald Koh