DNEX trade ideas
DNEX possible forming a triangle 27 July 21DNEX seem ranging above around RM0.65 , price maybe forming a triangle in wave B (Cyan/ Light Blue).. Before taking off to around RM1.630 where possible 1) AB =BC pattern AND 2)next major supply zone..
DNEX Trading Idea- watchout for resistance in redline (TP advised for fast play)
- Watchout trend support and resistance (TP advised at resistance)
- re-enter after in case of BO.
- Arrows showing the forecast movement.
- if the movement went downward after testing trend resistance,
wait until it rebound at trend support for re-entry
Dagang Exchange (DNEX) Bursa MalaysiaHey there. This stock has been on my radar since 2 weeks ago.
On the weekly chart, we might have a nice bullish engulfing closing for the day.
On the Daily, there is a nice rally which indicates that the "big player" is ready. I have entered my position at 0.745 today, and I am looking at 3 to 4 weeks of holding this stock with a good 20% return.
Bear in mind, that the structure of the market will create a reversal before it continues to go up.
Good Luck!
DNEX MY CORRECTIONMY TOUGHT IT WAS IN WAVE 5 ALREADY
IF IT BREAK (DOWN) TRENDLINE, IT WILL GOES DEEPER AND START NEW CYCLE.
IF IT BREAK OUT (UP) PATTERN, IT WILL PUSH TILL 1.130~1.150 BEFORE GOES DOWN.
YEAH I KNOW THERE TOO MANY "VERY GOOD NEWS" ON DNEX. IT PROBABILY ENDING THE LAST CYLCE.
T.A.Y.O.R
p/s: it not buy call, just sharing. im not invest in it anyways
DNEX EW 3 OR 5?FOR DNEX, MY VIEW IS DEPENDING THESE 2 WEEKS OR LESS.
IF "BREAKOUT" UPSIDE I CONSIDER IT NOW ENTERING WAVE 5.
IF "BREAK TRENDLINE" I CONSIDER THE PHASE OF ELIOT WAVE WAS ENDED (WAVE 5 ENDED AND START A,B,C WAVE)
Dnex now is waiting the good result on FA uptrend now
now selling force is very strong it might due to the new and a lot of ppl take profit on this share
wait it form at HHL and DIP only buy it
expected on 0.72 , 0.63 base on FIBO
set the FIFT DIP to buy 1 hr and 4 hr
180621
DNEX.. Chart. Updated 14 June 2021With Major News Coming out form media.. DNEX stock might be soaring up.... BUT price might retrace to demand zone / daily 200 ema first at around RM0.55..Before RM5.00?! ( The NExt Major Weekly/Monthly Supply Zone)
DNEX - Continue Wave 3Weekly chart: MYX:DNEX is in Wave 3.
Strong Resistance: 0.990
52WH: 1.050
Stake Acquire / Buy:
1. Ping Petroleum
2. SilTerra semiconductor
Things that press the price:
1. Warrant - Expire in End July
2. Private Placement matter
#TAYOR (Trade At Your Own Risk)
#NotBuyCall
#EducationalPurpose
DNEX LONG WAY TO GOMy prediction dnex will di the fphase correction wave 4 area fibonnanci 50% and will pullback to wave 5
Prediction Teknikal Analisis method Trendline + Wave + FIbonannci Retracement and Fibo Channel.
DNEX AnalysisDisclaimer: This is not a buy call but for learning purpose
Analysis
Quite far from major support (11%)
Potential rebound at major trendline.
Basis Idea of Trailing ResistanceThe basis idea of Trailing Resistance Idea is...
Everytime the stock price goes/closes lower than the day before,
we draw a line either at the opening price of the bearish candle or
at the closing price of the bearish candle...
Once we have drawn the line,
whenever the stock price crosses up the line,
we can consider it a valid reversal/a buy signal..
BUT, beware of the bull trap.
"Trailing Resistance Indicator helps us to plot/map these resistance lines
automatically everytime the stock price goes down."
DNEX: remain a BUY as long as price stay above 20maTechnically price of DNEX break above the 20ma, the level 0.72 is currently a support level. DNEX will remain a buy as long as the price remain above 20ma with a strong momentum buy shown by RSI (above 50). Looking at ICHIMOKU, this indicator suggest a possible resistance at level 0.81
price this morning last traded at 0.75, down by 0.02, at current level in between 0.77 closing price yesterday and the support of 0.72 could be a good entry level for this stock.
DNEX near wave 4 completionDnex,
Primary wave 4 with complex WXY corrective patern.
I believe this correction is nearing its completion probably between 0.645 to 0.625.
If price breaks the trendline or resistant 0.68, it may continue higher towards 0.78.
Primary wave 5 target 1.81.
DNEX: A possible reversal, may be.looking at this stock, there is a possibility that it might stage a reversal, may be since the price currently trying to break the 20ma line. but, the momentum buy still low, and there is a possibility that the existing buyer turn seller to cut loss position. the best strategy to make profit on this stock is to wait further for confirmation on RSI and when price is already well above the 20ma line. it will need your patience but, it worth to wait rather than to gamble away your hard earn money.
Falling Wedge Chat Pattern on DNEX. But until when?Fibo shows strong support at 0.675.
Advised to trade when the price breakout on down trendline (BODTL).
Thats all. Peace.
#TAYOR
A giant triangle for a huge breakout or, a breakdown? - since the consolidation, it has gone up for more than 450%
- in order to trade this, one has to have a plan for entry and exit
- confirmation was available for several entries if one pays attention for breakout
- the uptrend was exhausted and it's now on downtrend - avoid this unless your price is low
**this is solely for my own references and learning
Dnex Bullish Falling WedgeReversal With volume
Next crucial resistance at RM0.79/0.8
Support at RM0.68
Bullish Reversal if CS Close with High VolumeDNEX try to do reversal from bearish to bullish . Later, confirm the reversal with volume . High volume means buying pressure. Once the volume increase, sooner or later DNEX will fly steadily. History repeat itself.
Disclaimer: The idea is just for an educational purpose only. TAYOR.
