1. After a month of decline from 60sen to an intra day low of 44.5sen, DXN has finally managed to recover some loss ground and made some recovery in its daily closing prices.
2 There were evidence of fresh buying. And last week with the support of new buying interest together with the 96m shares that changed hands over direct business transaction ( director buying ) the counter was able to see some light at the end of the tunnel. The bulls had returned and the closing prices had managed to close above 50 sen and sustained for 5 consecutive days.
3.Suffocation is gone and long term investors can now breathe. The pain that still remain has somewhat eased.
4. DXN continues to make remarkable and commendable performance in its daily price performance. Basing on the candlesticks chart, DXN has successfully established a GOLDEN CROSS yesterday on 11/12/2024 in which the 9-day moving average line has successfully crossed over the 26-day moving average line from below to above at 49.5 sen This is a most welcoming technical sign after a big fall.
5. The daily closing price had been moving faster than both the average lines. In addition, the closing prices for the last five 5 days had consistently closed above the golden cross. And that is truly impressive.
6. A golden cross is a bullish indicator and generally investors view this chart pattern as indicative of the beginning of a strong bull market. Perhaps, in the case of DXN be view as a reversal pattern from bearish to bullish.
7. If you trade according to and guided by technical analysis, the golden cross present the most opportune timing to buy. Nonetheless, this is my personal and layman perception and opinion of the counter. It is not a recommendation to buy or sell. It is not intended to influence you investment decision and strategy.
8. The discussion and analysis is continuing. Happy trading
DXN’s MLM model might not be everyone’s cup of tea, but it’s proven to work. Their distributors are growing their business and DXN’s revenue at the same time.
The MLM business model has proven to be effective, serving as a successful strategy to consistently increase sales and uphold the company's reputation through word-of-mouth marketing
Intrinsic value at Rm 1.46 according to snowflake analysis.
I prev bought at 0.63 and didn sold when its 0.68. I will keep topping up at 0.50. Anybody can say whatever they want but the numbers don't lie. Still good fundamentals. Long term investment with great dividends.
1. Intrinsic value of Rm 1.46 is over ambitious and even somewhat illogical.
2. DXN is now trading at 50sen and hence, it must soar 200%. It would be great if you could write an analysis to show and outline the basis of arriving at 1.46
3. Would greatly appreciate and look forward to you attitude of sharing, learning and earning together.
4. Kindly enlighten us.
21/12.24
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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....
growthstockhunter
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Posted by growthstockhunter > 2 weeks ago | Report Abuse
DXN is most likely to reward the shareholders with growing dividend considering that they have consistent profit and cashflow generation.