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J4 Investment Capital

Author: J4InvestmentCapital   |   Latest post: Mon, 20 May 2019, 4:51 PM

 

[ Technical Highlights - DNEX ] A stock you should not miss after HIBISCS and REACH - J4 Investment Capital

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[ Technical Highlights - DNEX ] A stock you should not miss after HIBISCS and REACH - J4 Investment Capital

 

DNEX Technical Chart Review :

 

1) Since the end of December 2016 , DNEX started its first wave of rally and hit the peak during 28/4/2017 ( Jack Ma visitation ) . From the chart above , the symmetrical triangle has reached its end , a big market action is expected to occur in these few days , however our team see it as a hyper-bullish state in the coming year , we suspect the triangle will be breached tomorrow at the price of 0.445 ( with a high volume ) .

 

2)  If it breaks the symmetrical triangle with a violent volume tomorrow , it will be a significant buy , with a TP of 0.84 .

 

3)  From the OBV , it records a large fund inflow since the beginning of 2017 , the retracement is almost done .

 

4)  Besides , it is not only bullish from the technical perspective .

It will also get the benefit from the oil price surge , They have the stake in the Anasuria cluster ( with Hibiscus Petroleum ) , amid the recovering crude oil price , DNEX earnings will have a steady growth , which is in line with the oil price .

 

5)  Their National Single Window will contribute positively in this year too .

 

6)  Their Go Halal platform will also start operating this year  .

 

7)  Acquisition of GENASIS BERHAD this year will also be one of the earning catalyst .

 

Rating : Hyper-bullish ( with the constrain heavy volume breakout tomorrow )

 

Disclaimer : Information above is for sharing and education purposes , not a buy and sell advice , please refer to ur advisory for any buy or sell call , buy and sell at your own risk .

 

Happy investing !

 

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