Dnex pending breakout?
After massive surge in january 2021, price was unable to break the psychology price of RM1.00 resulting in downtrend and sideway until today
Chart making nice flag pattern and break the upper trendline once with volume on 23 sept however fall back immediately after that .
This can be due to US market sentiment
Price further fallback and manage to stop at the lower trend line despite price break down both 20/50MA.
At the moment, if price drop and stay below the lower trend line, counter might go into down trend. Despite that, current price is really a bargain entry point.
Recent FA/QR looks promising.. however the next QR is the one people most anticipate looking forward to see.
Will DNEX reach RM1.00 again?
I let u guys to answer.
CL : price drop below 740
Chart making nice flag pattern and break the upper trendline once with volume on 23 sept however fall back immediately after that .
This can be due to US market sentiment
Price further fallback and manage to stop at the lower trend line despite price break down both 20/50MA.
At the moment, if price drop and stay below the lower trend line, counter might go into down trend. Despite that, current price is really a bargain entry point.
Recent FA/QR looks promising.. however the next QR is the one people most anticipate looking forward to see.
Will DNEX reach RM1.00 again?
I let u guys to answer.
CL : price drop below 740
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