Daya- Uptrend to continue

Daya broke above its recent high of RM0.365 today. With this breakout, the stock is expected to continue with its uptrend. Its possible target is RM0.45 which is arrived at by adding the recent retracement (RM0.365-0.28) to the breakout level (of RM0.365).

Based on technical consideration only, I believe Daya could be a good trading BUY.


Chart: Daya's weekly chart as at Oct 30, 2013_10.30am (Source: Quickcharts)

Note:
In addition to the disclaimer in the preamble to my blog, I hereby confirm that I do not have any relevant interest in, or any interest in the acquisition or disposal of, Daya.