DMX: Technical Buy Call by CIMB. House note that stock broke out of its downtrend resistance trend line recently and has stayed above its key resistance turned support at $0.235. As long as prices continue to do so, we reckon that the bulls could continue to push prices higher to try to fill up the $0.305-0.32 gap.
Technical indicators continue to show bullishness with its MACD now back above the zero line and its RSI above the 60-pts mark. The stock is still a buy now with a stop placed below $0.235. A drop below $0.235 would mean that the downtrend has resumed.
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