Price has enter the trading range area, bullish if key resistant level break. Or price continue falling to support key level before start to Trend up again.
Any input @ feedback for me to improves in drawing the chart and writing down my trading plan is really appreciated. Btw, be nice please.. Thank you and have a great trading
Any input @ feedback for me to improves in drawing the chart and writing down my trading plan is really appreciated. Btw, be nice please.. Thank you and have a great trading
-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...
TA
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 have been sideway for quite sometimes, at first im not sure if this stock gonna fly or not. But watching today buying volume. I would say tomorrow high probably will go to 0.290. Cutloss area is 0.230 for this stock.
price already in an uptrend then a bullish flag formation break the resistance now becoming the support. looks like going towards the next resistance line. a nice risk to reward ratio.
The 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...
- Indicator crossed i.e. MACD, STOC, MA.
-Keep STOP LOSS tight and continue to monitor the stock every 4 hours.
-Constant buying observed from DOM.
- Good FA.
DNEX is currently trading above 50 EMA. 40 day Momentum bias still on the upside. With volume, potentially to break ascending triangle line @ 0.195, and move higher to challenge next resistant line @ 0.240.
Hi, 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,...
A good entry would be near the support, around 26c region. The company IT Segment is doing pretty well and only the oil and gas division is under-performing. Might be a better quarter ahead when global oil prices improves.
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
