DNEX

Sector: Semiconductor/ Oil & Gas

Analyzed on 16 Jan 2022

Despite the significant retracement in the Technology (semiconductor) sector, DNEX who owns Silterra has not seen as significant retracement as other companies. Share price of DNEX remains resilient in its consolidation channel, with a slight uptrend bias. This could be due to DNEX owns Ping Petroleum, and the price of Brent Crude oil futures has recovered significantly to be above $80/bbl.

We see the RM0.735 is a strong support for DNEX as it rebounded after several retracement. To start a new uptrend, DNEX has to break its consolidation resistance at RM0.905.

--------------------------------------------------------
Follow our FB and telegram channel for more investing and trading analysis. Share it out to your friends and family!

 TELEGRAM ：https://t.me/nottinvest

 FB PAGE ：https://fb.com/NottInvest
--------------------------------------------------------

Cheers
NOTT INVEST 

Disclaimer: 

This content by NOTT INVEST, is in no way a solicitation or offer to buy or sell securities or investment advisory services. 

Readers should always seek the advice of an appropriately qualified professional and perform due diligence before making any investment decisions. 

We shall not be liable for any errors or inaccuracies, regardless of cause.