Dayang Enterprise is taking a breather as it prepares to resume its uptrend.
However, the hurdle looks set to be taken out in subsequent sessions as the stock makes its way towards a resistance of RM1.16, and higher still to RM1.38.
The daily moving average convergence/divergence line is also pacing higher in bullish mode above the signal line.PETRON Malaysia Refining & Marketing Bhd retraced lower yesterday after jumping higher on Monday on bullish momentum. At its highest yesterday, the stock hit RM6.18, which now serves as a hurdle to tackle in subsequent sessions.There is some neutralisation in the technical indicators as the slow-stochastic and RSI turn lower from overbought conditions.is due for some positive retracement following its sharp decline over four straight sessions.