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4.29%

6.7¢ dxn limited

"I do feel the reduction of holdings from Carason Ward Pte Ltd...

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Oscar09

26,863 Posts.

1309

25/05/20

16:06

Post #: 44821426
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Originally posted by kipper57 ↑

I dumped out of this a while ago considering it to be a dog, however there does appear to be some underlying indicators that things might be on the turn.

Firstly I see sales are increasing and further sales in the pipeline.

Secondly I see a pivot day in the charts on the 11th & 12th May often an indicator of large buying in, does anyone have another explanation of these high volume days?

I still remain skeptical, however traders will be watching this closely, firstly due to the pivot days and secondly as there is divergence in both the OBV and RSI indicators.

I do feel the reduction of holdings from Carason Ward Pte Ltd as a bit of a red flag though.

I have changed my opinion from "sell" to none at this stage, and do not hold but watching.

- For the holders, I do hope for a turn around even if I do miss the boat.
- For new investors, be wary and ready to jump if you get it wrong.

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"I do feel the reduction of holdings from Carason Ward Pte Ltd as a bit of a red flag though."

this Ann was from dilution, not selling .
asx makes them report if they go under sub holder via dilution

DXN Price at posting: 0.9¢ Sentiment: None Disclosure: Held
3 Upvote

0 Great analysis

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(20min delay)
Last 6.7¢		Change -0.003(4.29%)		Mkt cap ! $15.65M

Open	High	Low	Value	Volume
6.9¢	6.9¢	6.5¢	$48.75K	729.1K

Buyers (Bids)

No.	Vol.	Price($)
1	51705	6.7¢

Sellers (Offers)

Price($)	Vol.	No.
6.9¢	54049	1

View Market Depth

No.	Vol.	Price($)
1	51705	0.067
1	133912	0.065
1	35000	0.062
2	28500	0.059
1	3636	0.055

Price($)	Vol.	No.
0.069	54049	1
0.070	36895	2
0.071	113000	2
0.073	52631	1
0.074	50000	1

Last trade - 15.13pm 14/11/2024 (20 minute delay)

DXN (ASX) Chart