Chart : Dnex daily chart as of Aug 18 2014 (source: ChartNexus)
Dnex today rose 3.5 sen or 11.29% to closed at its multi-year high of 0.345 with significant volume. As a result, it broke its strong horizontal resistance of 0.34. The counter has been tried to breakout this resistance for few times for last 3 years thus the breakout today may leads to strong run ahead. It is certainly worth to keep an eye on the stock.
Chart : Censof daily chart as of Aug 18 2014 (source: ChartNexus)
Censof is the major shareholder of Dnex with close to 40% shareholding. The counter has retreated from its peak of 65 sen on November 2013 to consolidate around 47 - 50 sen for the last 6 months. It is interesting to see whether the momentum of Dnex will lift Censof from its current consolidation phase.
Stay Tune!
