Dutch Lady Milk Industries MalaysiaDiagonal wave 5 in progress for Wave A correction. Wave B will manifest once the diagonal wave completes
DLADY trade ideas
Long Dlady with Big Shark Movementthis is a very common way of how big sharks are collecting their shares with low price
dutch lady (M), should we see a reversal soon?hi guys,
if you trade in bursa malaysia, you should already know that DLADY is a blue-chip stock in my country.
DLADY have been in a downtrend for quite some time now, nearly 4 years. Currently, the price is nearly hit the 2011's all time high RM31. I believe that it should at lease retest this as support and bounce back up. the reason is the RSi is showing a bullish divergence on the weekly and monthly chart. if this counter indeed bounce, and hold it's price above RM37.80, we might see further up in price.
otherwise, if this RM31 support do not hold, next support I believe is at RM20.17.
next few weeks should be interesting for this counter
thank you for reading ✌
#DLADY #bursamalaysia
