DXF Should I Buy

DXF is not a good buy right now for a beginner long-term investor with $50k–$100k who wants to act immediately. The trend is clearly bearish (price below key moving averages), there are no proprietary buy signals today, and there’s no supportive news/financial visibility to justify stepping in now. Best action is to hold off (do not buy) until the trend structure improves and/or fundamentals become available.

DXF is in a bearish trend: SMA_200 > SMA_20 > SMA_5 indicates sustained downside momentum and weak near-term structure. MACD histogram is negative (-0.0275) but contracting, suggesting downside momentum may be slowing, not reversing. RSI_6 is 21.818 (effectively oversold/very weak), which can precede bounces, but in a downtrend this often results in short-lived rebounds rather than durable reversals. Key levels: immediate support is S1 ~1.272 (price is essentially sitting on it post-market at ~1.27); if that breaks, next support is S2 ~1.119. Resistance/pivot is ~1.52, then ~1.769. The pattern-based projection provided implies weak near-term expectations (next week -1.06%) with only modest next-month upside (+0.8%), which does not support an urgent long-term entry today.