KLSE Stocks Review

Luster 5068

ChartStory72
Publish date: Fri, 02 Apr 2021, 02:01 PM
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One of the Most Actively Traded Counters for today. 
 
Not going to lie, the Huge Selloff during the November period last year really does look like a typical Pump and Dump stock, until recently during February. I detect a large inflow of Monies which caused prices to start going up again. Which continues the uptrend. 
 
By using Fibb Trend + Retracement we can see that prices rebounded EXACTLY at the 0.786 + 0.5 Fibb level. And with that knowledge we can predict future movements which shown above as the blue line. Where prices should rally to the next Fibb level, which is 0.786 of the 0.382 level. 
 
Industry : Industrial Products & Services. 
 
In this fast-moving digital world, we get information in a few clicks. 
 
However, we rarely get first-hand information and more often we get misleading news.
 
Investing in stocks today is very different from the past, but one thing hasn't changed - to study about a stock before putting money in.
 
A stock chart contains data that is publicly available and accurate by itself. By having certainty in data quality, we can comfortably study charts and make investment judgements.
 
At Chart Story, we believe stock prices move for a reason. Our objective is to share what we believe.

 

 
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