Possible for further recovery. DNEX is attempting to regain its prior surging momentum. Improving RSI and MACD indicators currently signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in the near term. Should resistance level of RM0.220 be broken with renewed buying interest, it may continue to lift price higher to subsequent resistance level of RM0.235.
However, failure to hold on to support level of RM0.200 may indicate weakness in the share price and hence, a cut-loss signal.
Source: PublicInvest Research - 23 Oct 2020
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sensonic
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2020-10-25 20:11