DNEX

Sector: Technology, Oil & Gas

Analyzed on: 25/07/21

We covered DNEX two weeks ago when it roamed around its support level of RM0.66.  Last Friday it closes at RM0.77, posing a good 15% rebound. As you can see from the daily chart, the stock price is trading in a sideway channel between RM0.66 and RM 0.90. Sideway pattern can also be seen for its EMA25/50.

In terms financial earnings, DNEX has not been consistently profitable, as compared to other technology companies.  Investors who are interested in the company mostly are hoping its recent purchase of Silterra will turnaround its financial earnings. However, any turnaround will be gradual and it may take years to realize.

Reason to Monitor: Potential growth due to purchase of Silterra

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NOTT INVEST 

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