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DAGANG NEXCHANGE BERHADDAGANG NEXCHANGE BERHADDAGANG NEXCHANGE BERHAD

DAGANG NEXCHANGE BERHAD

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DNEX trade ideas

Bull exhaustedDistribution expected since 16/3/2021 as it tried to push through Gann price of 1.06 but failed (which is a sign telling that rally for wave 5 ended), and now the pattern clearly seen. Final distribution take at price range of both Gann 0.86 and 1.06, where price had been pump and then dump slowly can be seen several cycle. Current price had break the range and also it dynamic support, as both of this strong confirmation happen. Now bias, Dnex ready for MarkDown and ReDistribution phase.
MYX:DNEX
by N42R1
DNEX - Sideways Till It Break 0.77 - Starting last week, the trend stuck sideways. Valid for 1D or 1H data. - Overall still in uptrend mode. - Stochastic drop from Overbought to Normal. Need more buying momentum to break 0.77 resistance. - Accumulation still high with small distribution. Resistance #1 - 0.77 <- break this, confirm uptrend Resistance #2 - 0.935 Resistance #3 - 1.035 <-- break this, different story. $$$ Support #1- 0.675 Support #2- 0.555 <-- break this, the trend reversal to downtrend. Same pattern with DNEX-WD (The warrants slightly weaker momentum & accumulation/distribution). #Newbie #NotBuyCall #EducationalPurpose
MYX:DNEX
by xlastx
2
RETRACE OR REVERSAL?On Friday 19th DNEX retraced to 0.69 on closing after it's down to almost -10%. Was it a sign of retracement or a sign of reversal? If you see on previous day at 9th feb last year. It made the same retracement at 0.340 and it continues its untrend momentum. If based on fibonacci retracement tools it should go back up to its uptrend momentum. But if you are about to enter this trade you should wait for a confirmation first! So the question is, was it just a retracement or a reversal sign? Comment what you guys think! p/s: this is not a buy call. I'm simply sharing my opinion based on my studies.
MYX:DNEX
by aresleo