DNEX trade ideas
Possible Movement of DNEXStrong bullish candle due to good news from acquisition of Khazanah Nasional semi-conductor company, Silterra Malaysia which bring them into semi-conductor industry that now have shortage products condition due to high demand from technology and automobile sector. Based on TA, the price want to make some retracement after massive jump, it show healthy movement and give opportunity for buyer to add more or hold.
DNEX INVERTED HNS ON WEEKLY (LONG-TERM BUY)DNEX INVERTED HNS ON WEEKLY (LONG-TERM BUY)
Based on HNS chart pattern on weekly, DNEX already break the neckline so that there are chances to buy this counter.
Just wait for the price make a discount about 0.25-0.235. First target profit is around 0.325-0.355 and next target would be 0.425.
Best Regards,
LoneWolf Analysis.
RE-ENTRY OPPORTUNITYWe have seen strong breakout to the upside and price still hold at support. Best possible entry is around green zone area which it is in line with support trendline and demand zone. Cut loss if the price aggressively break below the demand zone.
Bull exhaustedDistribution expected since 16/3/2021 as it tried to push through Gann price of 1.06 but failed (which is a sign telling that rally for wave 5 ended), and now the pattern clearly seen.
Final distribution take at price range of both Gann 0.86 and 1.06, where price had been pump and then dump slowly can be seen several cycle.
Current price had break the range and also it dynamic support, as both of this strong confirmation happen. Now bias, Dnex ready for MarkDown and ReDistribution phase.
<TradeVSA> Dataprep Distribution...Dnex Follow?Weakness in the chart:
1. Downbar high volume from the top
2. Sell-Off high volume
3. Below 20/40ma
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Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
DNEX - Completion of Wave 3..?No magic formula for this...
If the trade goes against us, we've to exit.
Keep in mind that every time we enter the trade, we exposed ourselves to a risk.
Sell on News?DNEX hit Fibonacci 4.236 coincide resistance in Mar 2002 and overbought condition is seen on RSI coincide with negative divergence on volume. New long positions have to be really cautious at this price level. If the price could rally above this level with continuation evidence, the next price target is 1.55.
Disclaimer: Our content is intended to be used and must be used for technical analysis education purposes only.
DNEX - Don't Be Too AggressiveDNEX
Rst: Upper BB
Spp: 0.77
Today’s breakout high chance is one-day show where strong blockage observable from upper BB and RSI has now fail to capture the momentum of price surge, indicating the surge may not last long, do expect weakness to follow tomorrow onwards.
DNEX possible Pennant BOPossible pennant breakout for this counter. Support at 660 and resistances at 730, 840.
Bankers are still maintaining their position at almost 80%.
Disclaimer: Trade at your own risk.
DNEX - Bullish or Bearish ?? consolidation is ongoing with no sign of smart money retreating . expect to jump once consolidation completed.
Key support level at .55-.565 , if price break this level better to exit for short term player.
DNEX Weekly TimeframeBasic Trendline, Resistance and Support Game
Accumulation or Distribution Phase?
Testing new RBS?
May have another new Trading Plan?
Remains BullishClosed above Support at 0.66 coincide Fibonacci level 2.618, hence has a great chance to climb higher to Fibonacci level 4.236 at 1.02. On the flipside, price movement below support level at 0.66 will push the price lower to 0.50.
Disclaimer: Our content is intended to be used and must be used for technical analysis education purposes only.
DNEX - Sideways Till It Break 0.77 - Starting last week, the trend stuck sideways. Valid for 1D or 1H data.
- Overall still in uptrend mode.
- Stochastic drop from Overbought to Normal. Need more buying momentum to break 0.77 resistance.
- Accumulation still high with small distribution.
Resistance #1 - 0.77 <- break this, confirm uptrend
Resistance #2 - 0.935
Resistance #3 - 1.035 <-- break this, different story. $$$
Support #1- 0.675
Support #2- 0.555 <-- break this, the trend reversal to downtrend.
Same pattern with DNEX-WD (The warrants slightly weaker momentum & accumulation/distribution).
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Dnex achieved wave 3Seen clear distribution pattern (19 Feb - 26 Feb) and failed to break, previous support has become resistant... Expect to retrace (Wave 4) and play in range (0.49 - 0.58) before push for next wave.
DNEX - preparing for upside Wave 5 ?Target area for HL is in the green area (Fibo 38.2 - 61.8%).
Invalidated if it goes beyond Support 0.485
TAYOR
Dnex : Silterra potential19 Feb 2021 chart.
Ath BO ❌
Monthly DTL BO ✔️
Weekly DTL BO ✔️
Daily Retracement ✔️
Support at 65 sen.
CL at 64 Sen
EP 67 to 69.5 sen
TP next fibo extension 1.618 resistant
RETRACE OR REVERSAL?On Friday 19th DNEX retraced to 0.69 on closing after it's down to almost -10%. Was it a sign of retracement or a sign of reversal? If you see on previous day at 9th feb last year. It made the same retracement at 0.340 and it continues its untrend momentum. If based on fibonacci retracement tools it should go back up to its uptrend momentum. But if you are about to enter this trade you should wait for a confirmation first! So the question is, was it just a retracement or a reversal sign? Comment what you guys think!
p/s: this is not a buy call. I'm simply sharing my opinion based on my studies.
