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I doubt DNeX will spike in near future. We all can see DNEX goes sideways or consolidating. But what Danne fails to tell you all is that accummulated volume is dropping. DNeX is now in bear territory. There is so much stocks ppl are holding and buyers still wants DNeX value cheaper, don't expect DNeX price will change in near future.
Even if you buy DNeX at cheap price and you got tons of DNeX shares, your stockholding value are small in value.
Good strategy. Do it some more. Self destructive.
Nazr, cheer up abit, I just make assumption not advise ppl.to buy in right away,, from past chart , it form triangle pattern couple time could be the sign of the price going up but it depend resistance & support it breaks, by the way, Dnex not yet bearish, still uptrend, another thing Dnex more depend on Oil and Gas segment, the Semicon just new started maybe will have result in another 3 to 5 years. the chart has proved it.
Danne.. All. Apology.
I think market is unaware that DNeX net earning for last 2 quarters just short MYR50mil++ from meeting FY22 net earning target. So, we expect DNeX will beat forecast net earning for FY22 in next QR scheduled to be released by this coming 25th May.
This is why there is lack of liquidity in DNeX at the moment. If you guys, convince others to buy DNeX, by this 25th May, DNeX value is higher and prices will spike amid starling performance in last quarter.
All hope is not lost. Intel, AMD, Micron, Texas Instruments was not affected much by poor performance in Nasdaq. I always say this, DNeX is not a vacuum cleaner manufacturing company.
if the WTI price keep going on up, Biden govt will feel stressful, 0.5 interest rate increase will be meaningless, inflation kept remain higher in the history, this could affect Dnex stock as well, bcoz depend on upstream and equipment service biz.