KLSE Stocks Review

DNEX (4456) The Story behind the Chart of DAGANG NEXCHANGE BHD

ChartStory72
Publish date: Sun, 18 Jul 2021, 07:19 PM
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Dnex 4456 
 
An updated version from the previous analysis, since it is one the most discussed stock.
Previous Post: https://klse.i3investor.com/blogs/KLSEChartStories/2021-06-23-story-h1566997817-Dnex_4456.jsp
 
As mentioned previously, prices tested at a two point resistance of 3/1 + 3.618 and went all the way back down towards the next Fibonacci Support level, which creates a triple bottom at a key Fibbonaci Area. For now we know that prices had established a respectable resistance level, which is the 3/1. 
 
From last week's Friday, we can see that prices are rebounding higher. It is unlikely(90% not happening) that prices will form any new high anymore and the next reversing zone is at the Super High Distribution Zone. Good place to get out if you are stuck. 
 
Good Luck. 
 
Industry: Digital Services. 
 
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In this fast-moving digital world, we get information in a few clicks. 
However, we rarely get first-hand information and more often we get misleading news.
Investing in stocks today is very different from the past, but one thing hasn't changed - to study about a stock before putting money in.
 
A stock chart contains data that is publicly available and accurate by itself. By having certainty in data quality, we can comfortably study charts and make investment judgements.
At Chart Story, we believe stock prices move for a reason. Our objective is to share what we believe.

 

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