Rakuten Trade Research Reports
Technical View - Dagang Nexchange Bhd (DNEX, 4456)
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Publish date: Mon, 04 May 2020, 12:28 PM
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All materials published here are prepared by Rakuten Trade. For latest offers on Rakuten Trade products and news, please refer to: https://www.rakutentrade.my/
To sign up for an account: http://bit.ly/40BNqKI
Rakuten Trade
Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my
Dagang Nexchange Bhd (4456)
• 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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