Dagang Nexchange Berhad

• Share price was up 5.98% at RM0.62 on Tuesday.

• DNEX has rebounded from its support level at RM0.55 and broke out from its resistance level at RM0.59 yesterday with high buying interest. Coupled with indicators showing uptick momentum, the share price is expected to trend higher.

• Resistance levels are identified at RM0.625 (R1) and RM0.685 (R2).

• On the flipside, support levels are pegged at RM0.58 (S1) and RM0.55 (S2).

Source: Rakuten Research - 29 Mar 2023

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