KUALA LUMPUR (Oct 11): RHB Retail Research said Dayang Enterprise Holdings Bhd is renewing the recent uptrend reversal after it pushed above the immediate resistance of RM1.02 – printing a White Marubozu candlestick.

In a trading stocks note today, the research house said if the stock stays above that level, the momentum is expected to propel the stock towards the next resistance of RM1.16, before possibly hitting the RM1.29 resistance.

“That said, this expectation will be cancelled if it falls below the support of 97 sen – below the 21-day average line,” it said.