Rakuten Trade Research Reports
Technical View - Dagang Nexchange Bhd
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Publish date: Wed, 09 Jun 2021, 11:16 AM
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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 (DNEX, 4456)
• DNEX ended 4.9% or 4 sen higher to RM0.85 yesterday.
• Share price is gaining momentum with resistance breakout from RM0.84 along with higher trading volume. Key indicators are showing positive readings with share price trading above the upward sloping moving average line, we expect DNEX to hit higher levels.
• From here, resistance levels are projected at RM0.88 (R1) and next at RM1.05 (R2).
• Conversely, support levels are seen at RM0.77 (S1) and RM0.74 (S2).
Source: Rakuten Research - 9 Jun 2021
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