AmInvest Research Reports

Stocks on Radar - Dagang Nexchange (4456)

AmInvest
Publish date: Thu, 03 Feb 2022, 09:19 AM
AmInvest
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Dagang Nexchange rose and tested the RM0.935 resistance level. With its 21-day moving average pointing upward, coupled with a higher low candle stick pattern, we see a possibility for a technical breakout. If this happens, we expect it to move towards the short-term target prices of RM0.98 and RM1.03. The downside support is projected at RM0.865. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy near RM0.935

Target: RM0.98, RM1.03 (time frame: 2-4 weeks)

Exit: RM0.865
 

Source: AmInvest Research - 3 Feb 2022

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Be the first to like this. Showing 2 of 2 comments

BenPg

Please update yr chart before posting
yesterday Dnex alredy touched a high of 99.5

2022-02-04 08:21

Plantermen

Keeping finger cross {DNex} today price can scale higher. Coming qtr result will be positive will be announcedat end of the month

2022-02-04 08:27

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