DMX Technology: Extending Friday’s rally, +15% at 11mth high of $0.495, with continued expectations that the listing of its ADRs from Sep 23 will generate greater investor interests. Market watchers hopeful that ADRs could potentially draw an even larger investor base compared to TDRs. Friday’s strong earnings report by US tech companies likely provided further catalyst for DMX's strong rally.
B0bbyLu : Each ADR represents 40 DMX shares. No new shares will be issued.
Technically, RSI appears overbought, but strong momentum may continue, with ADR performance to set tone for mother shares in near term. Immediate resistance at 52-wk high of $0.545.
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