DNEX 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..
- 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
Hey 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,...
MY 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
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)
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
With 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)
Weekly 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
My 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.
Disclaimer: This is not a buy call but for learning purpose Analysis Quite far from major support (11%) Potential rebound at major trendline.
The 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,...
Technically 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...
Dnex, 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.
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...