• DNEX gained 3.2% or 0.5 sen to RM0.16 last Thursday.
• Share price has been recovering since end March and continue to trend higher supported by the upward momentum seen in key technical indicators. Should buying interest sustain, share price is expected to head towards the RM0.20 level.
• As such, resistance levels are expected at RM0.19 (R1) and RM0.22 (R2).
• On the downside, support levels are identified at RM0.12 (S1) and RM0.10 (S2).
Source: Rakuten Research - 4 May 2020
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Created by rakutentrade | Aug 23, 2024