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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