[%nOOB%]: Navigating Downtrend

The company's share price has been on a continuous downtrend for four trading days. Yesterday, it broke the support level, closing at RM0.475, below the RM0.48 support. The MACD has already indicated a death cross. Consequently, it's not surprising that the share price opened lower today at RM0.48 and is currently trading at RM0.465, with the lowest point being RM0.46, which is its current support. The share price is now below the SMA20, and the RSI is nearing 50. This is believed to be a normal retracement. As long as the share price stays above RM0.46, there is a potential to challenge RM0.48 again. Lastly, the NIISe project winner is expected to be announced this week, with DNEX as one of the bidders. Although winning this project may not significantly impact the company since O&G and Silterra remain the largest contributors, it is still a positive outcome.

Resistance Levels: RM0.48, RM0.505
Support Levels: RM0.46, RM0.445

$KLSE-DNEX: Navigating Downtrend

The company's share price has been on a continuous downtrend for four trading days. Yesterday, it broke the support level, closing at RM0.475, below the RM0.48 support. The MACD has already indicated a death cross. Consequently, it's not surprising that the share price opened lower today at RM0.48 and is currently trading at RM0.465, with the lowest point being RM0.46, which is its current support. The share price is now below the SMA20, and the RSI is nearing 50. This is believed to be a normal retracement. As long as the share price stays above RM0.46, there is a potential to challenge RM0.48 again. Lastly, the NIISe project winner is expected to be announced this week, with DNEX as one of the bidders. Although winning this project may not significantly impact the company since O&G and Silterra remain the largest contributors, it is still a positive outcome.

Resistance Levels: RM0.48, RM0.505
Support Levels: RM0.46, RM0.445