DNEX has been pushed as high as 0.52. On 6.6.23, correction is happening. Low risk Traders can wait at reverse fib level 0.5 at price 0.445 or 0.382 at price 0.425. High Risk traders can enter from range price 0.48 or 0.49 if price momentum maintain above 0.48.
TP target price 0.615.
Good luck traders.
MYX:DNEX
Stop: 0.71
Resistance: 0.9
Price bounced off after testing 0.71 with low volume suggesting that sell-off is has peaked. With recent upward trend, double bottom formed.
Additional volume will possibly propel prices higher.
Price has gone uptrend since the last time it broke the trendline on 20/07/2022.
We are expecting short retracement before it continues another rallies for DNEX.
Potential entry:
1) RM0.78 - RM0.80
2) RM0.76 - RM0.77 (Best entry for long-term)
Resistance:
RM0.86 / RM0.91
Support:
RM0.725
Disclaimer: This trading idea is for education purpose only. This is not...
DNEX a Piotroski F-Sore 8 out of 10 ( fundamentally “good” ) company. Possible forming a running flat pattern ABC ( yellow) where price possible resuming its uptrend ONLY @ around RM0.55 - RM0.56..
DNEX spotted in volatility reversal above its daily PoC. Dnex has also completed the EW ABC corrective zone's 5 sequence. If seen in weekly chart, DNEX has rebounded slightly above fibo50 and also from the monthly PoC. Quick exit at 0760 if price goes south. TP levels at fibo levels in daily chart.
some one can tell me the story behind this chart
waht is the price gonna to do.
where the best entry
where to CL
why CL..because CL means how u manage ue MM.
SAlam jumaat.
PLS COMMENT BELOW
look like we have to wait for a confirmation,not good time to invest because it look risky for now.
Disclaimers:-
I AM NOT A FINANCIAL ADVISOR,EVERYTHING I SHARE IS JUST MY OPINION.
Sorry my english bad,at least im trying pfftt!
Short term analysis:
Dnex breaks above trendline again after 4-days of pullback from 11-Jan.
Today indicator Banker Chip Pro (MI04) appears Banker Pump (purple bar) indicates possible of continuous bullish trend, but beware of overbought reversal.
It will be a plus sign if indicator Long Short Momentum (MI06) keep in Green bar showing still under bullish...
