The current point exhibits upward signals according to my algorithmic system, meeting various criteria.
DNEX has been pushed as high as 0.52. On 6.6.23, correction is happening. Low risk Traders can wait at reverse fib level 0.5 at price 0.445 or 0.382 at price 0.425. High Risk traders can enter from range price 0.48 or 0.49 if price momentum maintain above 0.48. TP target price 0.615. Good luck traders.
DNEX is forming a running flat ABC ( Red Circled) where it will find its major support @ 0.20 +/-.
DNEX probably completed its zigzag correction ABC ( Red Circled).
MYX:DNEX Stop: 0.71 Resistance: 0.9 Price bounced off after testing 0.71 with low volume suggesting that sell-off is has peaked. With recent upward trend, double bottom formed. Additional volume will possibly propel prices higher.
Hi, this is just my thought about DNEX on weekly chart.
Price has gone uptrend since the last time it broke the trendline on 20/07/2022. We are expecting short retracement before it continues another rallies for DNEX. Potential entry: 1) RM0.78 - RM0.80 2) RM0.76 - RM0.77 (Best entry for long-term) Resistance: RM0.86 / RM0.91 Support: RM0.725 Disclaimer: This trading idea is for education purpose only. This is not...
DNEX a Piotroski F-Sore 8 out of 10 ( fundamentally “good” ) company. Possible forming a running flat pattern ABC ( yellow) where price possible resuming its uptrend ONLY @ around RM0.55 - RM0.56..
DNEX spotted in volatility reversal above its daily PoC. Dnex has also completed the EW ABC corrective zone's 5 sequence. If seen in weekly chart, DNEX has rebounded slightly above fibo50 and also from the monthly PoC. Quick exit at 0760 if price goes south. TP levels at fibo levels in daily chart.
Let see what will happen to DENEX already make rejection at support
Volume diminish background nice stage 3? wave 5 from osilator
look like we have to wait for a confirmation,not good time to invest because it look risky for now. Disclaimers:- I AM NOT A FINANCIAL ADVISOR,EVERYTHING I SHARE IS JUST MY OPINION. Sorry my english bad,at least im trying pfftt!
NEX can try now at 618 retracement. CL as per trailing ATR and TP at pivot point.
Short term analysis: Dnex breaks above trendline again after 4-days of pullback from 11-Jan. Today indicator Banker Chip Pro (MI04) appears Banker Pump (purple bar) indicates possible of continuous bullish trend, but beware of overbought reversal. It will be a plus sign if indicator Long Short Momentum (MI06) keep in Green bar showing still under bullish...