Peter Lee's comment on DNEX. All Comments

Peter Lee
8 Like · Reply
DNEX [27/2/2021]

Applying the Elliot Wave Theory, DNEX seems to be in Wave 5 now. However, the more important question still remains.

Q: Has it reached the end of Wave 5?

I'm not too sure myself. Looking at the charts, it's very well supported at RM 0.655 and there was a spike in buying interest on Friday which saw it break above its RM 0.75 resistance.

That said, there DNEX is being fined for more than RM 10 million and this may impact its share price.

To me, it does look more likely that it has reached the end of its Wave 5 when it hit RM 0.84 earlier last week.

That said, there's still a possibility that DNEX may go for another big rally towards the RM 0.88 resistance before moving to its correction Wave A.

As long as the support of RM 0.655 is able to hold, this possibility will be there.

Support: RM 0.70, RM 0.655 areas
Resistance: RM 0.75, RM 0.77, RM 0.80, RM 0.84, RM 0.88 areas

NOTE: This is purely my interpretation of the Elliot Wave Theory in DNEX. It is by no means perfect.
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emopv5
@peter Lee
Nice Sharing from your view,

Let's try to apply some Fibo Retracement:
Daily:
Point to Low(0.500) and High(0.840),
61.8% Fibo(0.650),
50&61.8% fibo level is Valid Retrace✓

This low has been created with previous Bearish Candle(24Feb) and follow by next trading closing with Bullish Pin Bar(Reversal confirmation).

By Right,Retrace phase already END and next to continue Upwards.

Candle Pattern:
Daily=Bullish Candle
Weekly=Bearish Pin Bar/Shooting Star(Reversal Candle)
Monthly=Bull
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3 Like · 3 years · translate
Topglove Die
为什么股市总是那么多仙家淋。用图标,用统计学,去分析末来和人的投资意向。上也有解释,下也有解释。
Like · 3 years · translate
zeus hun
If so smart u drive roye roll liao la, haha kaneneh don't simply show how brialiant here
Like · 3 years · translate
sandy roxy
Cool bro. We should encourage sharing here. We decide the destiny of our own $$.
Like · 3 years · translate
Topglove Die
哈哈哈。Emopv5, Peter Lee. Share flake Analyst give bullshit estimation only. haalo, got class, if fee 50cent,I donate to your guys.
1 Like · 3 years · translate
斯马可
Hi stupid forecaster Z.Hun , where is your drop Kow Kow ? Lol..
Joker Hun got la.
Like · 3 years · translate
zeus hun
@marcus drop gae need time shark will slowly throw all then u kutip lor...gongkia
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Mohd Faizal
Ada Kau lagi zeus
Like · 3 years · translate
zeus hun
Next week going 0.50 go go go
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