Dagang Nexchange Bhd (KLSE : 4456) - Another Attempt to break out ? (Update - 13 Feb 19)

During 1st half trading session today, the share price successfully penetrated the resistance zone formed by RC1-1 (RM0.304) and RC1-2 (RM0.288) with closing price at RM0.29 before break-time.

The share price failed to do so on 22 Jan 2019 as it briefly touched the resistance zone's border with relatively low volume transacted. But today, relatively very high volume traded in relation with the strong price closing before break-time.

If the share price remains strong at the end of trading day, there is a possibility of more upward trajectory.

Daily chart. (Based on break-time closing price)

Related posts :
Dagang Nexchange Bhd (KLSE : 4456) - A break out in the making ?
Dagang Nexchange Bhd (KLSE : 4456) - Another Attempt to break out ?


Source :
1) Metastock

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