Friday, July 7, 2017

Technical Analysis July 2017: DNEX (4456)



DAGANG NEXCHANGE BERHAD 

Observation from Chart:-

DNEX (4456) forming symmetrical triangle pattern.

Will it breakout resistance or support level?

Other indicator:-
MACD trade at positive region, uptrend sign.
Stochastic %K trigger SELL call, pending confirmation.

Immediate resistance @ RM0.615 level.
Subsequent resistance @ RM0.64 level.

Immediate support @ RM0.58 level.
Subsequent support @ RM0.545 level.

Let's watch closely.

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