Battle of the Bull and Bear will continue at the area of that valid rejection on Dynamic Resistance (Circle area). This week will be crucial for the major direction either the Break-out or Reversal and Retracement is on the making....
Uptrend now
Support at 0.235- 0.255
just BOD at 0.255
if 6k income
buy on it 40% RM 2400
if drop to 0.235 buy on DIP 30% RM1800
if drop other 0.2.15 buy 30% RM1800
TP1 0.270 , TP2 0.295, TP3 0.31
DNEX is expected to continue on bullish mode since brokeout last thursday. Expect the upward movement will continue for quite sometime before moving sideway.
Trading idea for Malaysia's Stocks, 1 of the potential company to keep for long term & short term.
Disclaimer: If you choose to follow this trading idea you do so at your own risk after giving thorough and reasonable thought and consideration to your actions. All trading is high risk and one of the most difficult activities you will ever consider. Don’t trade...
Potential rebound
EMA Wave Indicator in the support area
RSI rebound from the centerline
MACD above the centerline
Trading idea
Entry price: 0.215
Cut loss: 0.205
TP1: 0.230
TP2: 0.250
1) Simple SnR : Long term uptrend
2) Last price above EMA 50 & 200
3) Stochastic RSI : below 30 (cross up)
waiting Break Out Short term downtrend. depends on volume.
Elliot Wave: wave 5
EP 1: 0.23-0.235 (after BO)
CL : 0.205
EP 2: 0.215 or below (wait retrace for couple of days)
CL: 2-3 bids below
Target: Sto rsi cross down
1. Mark-Down with average to low volume
2. Potential Change of trend with high volume Line Change bar
3. CoC setup with strong confirmation on removal of weakhand holders
Hit the "LIKE" button to support us :)
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment...
In Daily TF, we can see the price moving in parallel channel and last candlestick the price reach at resistant.
The cross just happen in MACD and showing new momentum to go higher.
The price also increase with volume.
The price bounce with EMA20 and EMA50 and but the price cannot close above EMA200.
With momentum increase, we can expect the price will break...
MYX:DNEX
SWING: 2 DAYS TO 2 WEEKS
Breakout Downtrend Line
52 Weeks High Line
Fibbonaci Retracement
Candlestick Support & Resistant Zone
Trendline Support & Resistant
MYX:DNEX
SWING: 2 DAYS TO 2 WEEKS
Breakout Downtrend Line
52 Weeks High Line
Fibbonaci Retracement
Candlestick Support & Resistant Zone
Trendline Support & Resistant
DNEX on selling pressure for weeks, however, after the price hit the significant support level 4 hr candle buy momentum reemerge again followed by correction candles before the market close today. This will be best set up buy entry for medium-term investors.
![DNEX: DNEX [30 October 2020] Buy On Dip in Support Zone](https://s3.tradingview.com/0/0P1s9TwD_mid.png "DNEX [30 October 2020] Buy On Dip in Support Zone")
![DNEX: DNEX [21 October 2020] Buy On Dip in Support Zone](https://s3.tradingview.com/z/ZDM62RPn_mid.png "DNEX [21 October 2020] Buy On Dip in Support Zone")
