Look at DNex closing later. we can see how strong is Dnex buyer's buying support. The IB's funds has push the MACD support line past the 1.02 + golden cross line. Next wave is expected to hit 1.12+ or 1.13+ based on MACD reading. Not a buy call but just based on my own reading. Happy New year
Wow ... Buying interest is very strong today, almost 84 millions transactions done so far in the first hour ... Dnex may attract 1 billion of transactions in a day soon ...
Dagang Nexchange rose and tested the RM0.935 resistance level. With its 21-day moving average pointing upward, coupled with a higher low candle stick pattern, we see a possibility for a technical breakout. If this happens, we expect it to move towards the short-term target prices of RM0.98 and RM1.03. The downside support is projected at RM0.865. Traders are advised to exit on a breach to avoid further losses.
Those caught at high Condo 1 to 1.05 one year ago,most have been released,meaning as price charges ahead into new territories,it will be less resistance.Now the new resistance is the idss players,every time price surges to new high,say today 1.03,they will Short sell at 1.03,hope for it retreat to lower,say 0.99,then buy back n make 4 cents!Good luck to them!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
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Posted by xxxx > 2022-02-04 05:49 | Report Abuse
There are plentiful snakes too.