DNEX trade ideas
DNEX 27/7/2020-DNEX melakukan tujahan yang tinggi dengan volume yang padu merentasi resistance 0.275.
-namun price trakhirnya berhenti di resistance 0.275.
-mungkin akan melakukan tujahan seterusnya pada keesokan hari bagi memecahkan rintangan 0.275 dan terus menujah ke atas.
-mungkin juga perlu berhati-hati kerana berkemungkinan dnex akan menurun kembali ke support 0.230 asal kerana tidak berjaya memecahkan rintangannya.
ini hanyalah sekdar pandangan. harap dapat dipertingkatkan dan dimprovasikan oleh sifu-sifu lain.
DNEX target LONGTA
As we can see price able to close above nearest LH structure at H1 and reject TL resistant daily. I am more interested to buy at discount price area 0.215-0.200 as fresh demand areas. Wait for reversal candle or buying structure form at lower tf.
FA
P/E : 18.09
DY : 2.0
QR : 6.2M (down but still +ve)
AR : 6.2M (down but still +ve)
DNEX : TRADING BURSA IS SIMPLE... Re-entry Trading PlanThe market will always give us a chance to entry.. why they do this? need to ask Wyckoffian trader..;)
We can ride one counter until it exhausted or reach the distribution zone.
How to re-entry?
1. Price retest our MA's
2. Low volume..(prefer ultra-low volume)
How to determine the take profit zone? There are multiple ways..
1. Previous Resistance
2. Fibo Extension
3. Point and Figure chart (wyckoffian technique)
4. Exit indicator
5. etc...
How to exit when loss?
Use the trading plan
Breakout on crossing the long term resistanceHi, i'm just a beginner in the stock market, but i want to share what i think as a beginner...
For me, i can see that DNEX will maybe cross the long term resistance in which there is a triangle formation closing up near the resistance trend line.
The triangle may indicate slow buying momentum untill it eventually breaks the trend to form a new uptrend.
However, i think if it cross with high volume only than it can be confirmed.
Thank you for reading my idea, please correct me if i'm wrong..
With pleasure,
izwanaizil (izwanaizil.com)
Dagang Nexchange - Successful Pullback?Strength in the chart:
1. Up-Thrust volume getting lower
2. Line Change after spring bars
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Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock