DLady is at its uptrend line

DLady has been sliding off since making a high of RM14.00 on December 1 last year. It has tested its short-term uptrend line support at RM11.40 a few days ago (see Chart 1 below). This also coincides with the 20-week SMA support at RM11.35/40 (see Chart 2 below). I believe that the stock could rebound from this level. For trading purposes, you can buy at RM11.40/50 & look to sell at RM12.50/13.00. DLady, which has a dividend yield of 7.5% and trades at a PE of 18.4 times, can also be considered a buy for the medium-term. This is based DLady's share price of RM11.50 (at 12.00 noon today); its past 4 quarters' dividend totalling 86.25 sen and its past 4 quarters' EPS totalling 62.47 sen.


Chart 1: DLady's daily chart as at Jan 19


Chart 2: DLady's weekly chart as at Jan 19