Naked Chart Trading: DSONIC 17 May 2024
$DSONIC(5216.MY$ Anyone know what happen to this company with the sudden surge of volume and price today? There is no latest news I can find so far, but price reflect everythings, so I just study at the chart and see how will it goes.
$DSONIC(5216.MY$ Weekly Chart
DSONIC had been in a long term sideway range RM0.360 - RM0.600, which is also Fibo retracement (draw using Covid low and high in year 2020) level 23.6% to 61.8%. The immediate strong resistance for the prices will be around RM0.600, close above to trigger more upside.
Immediate support levels at RM0.460 followed by RM0.360. Overall trend in sideway, pending breakout. Market is near closing, so price likely to stay above RM0.500 today. The prices need to stay above RM0.540 to retest RM0.600 next week.
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This content is for reference only and does not constitute any investment advice, and past performance is not indicative of future performance. Returns will vary, and all investments carry risks, including loss of principal. Please make your own investment decisions.
This content is for reference only and does not constitute any investment advice, and past performance is not indicative of future performance. Returns will vary, and all investments carry risks, including loss of principal. Please make your own investment decisions.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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