Company Background
Dayang Enterprise Holdings Bhd , Provision of Maintenance Services, Fabrication Operations, Hook-up & Commissioning, Charter of Marine Vessels and Vessel Technical Specification. It has a market capitalization of MYR 1,138 Million.
Source : Company Financial Information
DAYANG - Black Horse - Price Vol Surge !
Dayang is one of the most popular stocks lately and most stock traders are talking about it. Will the stock price skyrocket? Will it retrace? Should I buy if it retrace? is it going to fall sharply ?
The stock price surged nearly 170% in the past three months without much pullback and making new historical high again and again.
Based on the chart, it is still in a bullish uptrend and bankers are still in the market. However, it is currently experiencing a small correction from a new high. So, is it a good time to enter now ? Can the stock price still grow? Is the valuation too high now?
DAYANG - Pivot Point ? or Hook ?!
There are 3 main reasons for the stock price to increase/decrease.
1. Demand & Supply
2. Valuation of the company & Investor expectation.
3. Earning, profit make by the company.
As we can see from the list, Dayang has been at the TOP Volume for the past few days. This could be the reason for its stock price to move up so much, especially in the past few days.
Volume - Last Trading Day
From the list, Dayang is longer at the TOP Volume and has been replace by other stock. This may imply that the first batch of trader are cashing out (profit taking), or transferring their funds to another counter.
1st rst @ 1.17
2nd rst @ 1.06
3rd rst @ 0.96
The information is purely for educational purposes and does not contain any intention to buy or sell. The individual contributors are not responsible for the result of any action taken on the information in this report.
#DAYANG
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