ASX:DNA   DONACO INTERNATIONAL LIMITED
DNA has shown immense growth since 24th Dec.

0.050 --> 0.098

Showing strong resistance performance at 0.095, and a solid resistance at 0.084 on 28th Dec.

RSI still above 35

Volume is extremely attractive 40m+

There is a lot of indication that the price is way overvalued, great time to short.

Entry: 0.085
TP: 0.075
Stop Loss: 0.090



Hi there J,
thank for the info.
new to the game. I bought at 0.051 would you sell at 0.085-0.09.
Reply
JROSEXXVI Danmaran
@Danmaran, Hi Dan.
I'm a firm believer in taking profits.
It's resisted at least 3-4 times at 0.094-0.095.
I've placed a stop loss at 0.090, I think that's a good safe exit strategy.

At this stage, it still showing a lot of volume, but this could change over the break.
The range you've suggested seems like a decent profit.
Reply
Danmaran JROSEXXVI
@JROSEXXVI, Thankx so much for your insight. I sold at 0.098 yesterday morning , very pleased with the outcome as I am only new to the game, happy to take some small profits. Only trading in the ASX at the moment.
Cheers.
Reply
JROSEXXVI Danmaran
@Danmaran, great! Small consistent profits are always best.
Feel free to follow me, I mainly target the ASX. You've caught me a good time as I'm reverting from long-term positions to short-term.

Hope I can be a continual source of ideas for your investing.

Thanks!
Reply
Danmaran JROSEXXVI
@JROSEXXVI, that’s ace J, any help in churning a small profit is always greatly appreciated. I am currently looking at FOD & BRN as a short termer. I try and keep my share prices up to around 0.10-0.16 a share, just so trades are affordable while I’m starting out.
Reply
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