Our website is made possible by displaying non-intrusive online advertisements to our visitors.
Please consider supporting us by disabling or pausing your ad blocker.
They set cut loss or cut profit means weak? A lot share like this, keep drop without reason or with unreasobale reason. The Majority Vote of cease fire for war,it totally effect oil price and uncontrollable drop anytime, what you expect dnex and where is the new support line, all of us never know, just can follow the flow.
Idrus, there is no such thing. This looks like its carried out on purpose. I have seen this before esp on share with high volume.
Pattern.
1. Create false indication. DneX appears to recover this morning when DneX was back in Green. In fact highest this week. This attracts buyer to rally behind DneX.
2. Prime Time. When volume are attractive enough, its time for their rip-off. Create false sell down. Market panic. Ppl started to sell their stocks.
3. Phase Short Sell. Short selling start. The further price falls, the more they gain.
4. Phase Recovery. They want to do this again. Its their way to make money. They are like swords with 2 sides. They started to buy back when they had enough and carefully return DneX to previous day opening price.
Those who did this must have big funds and they share profits.
Watch their moves. Pay attention to your indicators esp VWAP.
DneX is a good trading company. Although they don't have revenue as a company but they own recurring business and high tech mask layer technology backed by PRC. DneX worth more. Hold on to your stocks. If you don't sell, they cant make money.
@nazr
Absolutely agreed with your analysis..
That's Dnex game play actually..
Those Traders never study well b4 enter Dnex,they may get RIP ASAP.
in Dnex, no word "Fast Money" or "Fast Profit",unless you're big fund like them..
Dnex MUST with HOLDING POWER..
As long major still uptrend,still valid to refill.
Pretty, Beautiful Bro @Nazr..
Finally,someone reveal how Dnex gameplan here...that's great.. XD...
From begining,didn't manage to brief and share what you share here today,But was be able to story in TA illustration only..
Well,Lets see today closing,what pattern will forming today . Still early to judge..
Buy popcorn watch it
You can record your Trading activities esp on your Bid/Ask Spread. In Bid/Ask Spread, there are no of traders, bid/sell price and qty. Also there is a clock. Whenever you suspect there is a manipulation in your stock, you can send this record to SEC.
Last year, a trader from TA Securities were caught manipulating stocks on DneX, Hibiscs, MBSB, Sapura and Armada. He was fined by court. And he is now being sue by owner of the stocks for losses on their market capital.. You also can sue him too.
Small bilis traders like us,consider waste time by reporting any stock been manipulated .
As we all know,all stock bursa kena manipulate kao kao one..
Any stock,sure got "Ghost" tc or control one..
They have billion money in hand,easy to cr8 Up/Down price what ever they like .
For us,we still rely on TA chart one,cos everyone will enter/exit based on TA.
just "Emotion" will drive you to reality Bursa Stock..
@May
As long Rm1.06 intact enough,It may have strong rebound.
Or,it may try to broke the support and rebound or it will broke the support as well.
If Yes,Will retest Rm1.00 then cr8 another strong rebound too .
Keep remember,Strong drop will cr8 strong rebound ..
Also,keep stick to ur trading plan ya....
Only strong heart and stay with Dnex..
Ps~
ok. agree with nazr. tq for your sharing about vwap. the price already break vwap line. so, actually inngatkan dia Naik kembali atas ma20. tapi dah break line ma20. hit my stop loss.
You are welcome Mun'aim.
Yesterday, total short sellers made MYR12.1m/IDSS and MYR620k/PDT.
Due to panic selling on the 3rd Mac, market opened with gap down accompanied with concerned long investors that DNeX with continue slid further. But investor confidence were restored around noon as selldown meet stiff resistance from stockholders.
1. US Fed will increase interest by 12 Mac by 25 basis points. Chip producers will pass down these extra charges to end users. Chips ASP will hike more than MYR500++. DNeX will benefit from this hike.
2. US Indices welcomed with increased employment rate in US. Nasdaq jump.
3. Brent Oil also jump and nearing USD120/boe. Biden continue with his harsh words to add more sanctions to Russia.
3. Ukraine - Russia conflict. Russia showed their determination and their willingness to increase using their military assets when they attack Ukraine biggest Nuclear power plant. No Nato and US military deployment in Ukraine shows this conflict is no were near to an end.
DNeX should issue another PP to invite big financial institution to do strategic investment in DNeX e.g. EPF, PNB, Khazanah, Danaharta, Urus Jamaah and others.
ATech price dropped almost nearing her IPO price 1.41/1.55 but recovered slightly to 1.60 last Friday. Shes new un town. She has many years ahead of her. Her production will increase with additional production capacity from her new 2nd Production plant. Whatever yoy want to do, pls wait until US Fed announces their new 25 basis point due this 12th Mac.
US Fed is concern with interest rates to fight their inflation as they also have to take into account the rise in crude oil.