Dear readers,

There is some retracement in the technology segment in the recent trading days. However, upon browsing this forum I noted that this is a truly important company to look at – a hybrid of the high earnings growth industry of healthcare and a proxy for the technology sector. The share price had not moved since the slowdown of healthcare sector, is it now the time to re-look at D’nonce Technology Bhd (7114)?

From the technical chart, we can see DNONCE hit a strong rebound from the 48.5 cents level. We can presume there are some followers for this company, but maybe not in the sense of chasing the stock at the current level.

Overall, DNONCE is still in the consolidation phase, especially in the short term 52.5 cents level. We can see that the company is currently trading below 50 / 100 EMA and it is worth while to observe closely on this counter as it is a laggard in the industry rally.

Some of peers such as MASTER, ORNA, PPHB in the corrugated box packaging industry had seen a very good increase in stock price. In this the beginning for DNONCE or the end?

I strongly believe it is consolidating and a breakout will come very, very soon! The short term target for this stock should be around 58.0 cents!