KLSE Stocks Review
Scomnet 0001
ChartStory72
Publish date: Tue, 06 Apr 2021, 11:49 AM
ChartStory72
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Scomnet 0001
One of the Top Gainers Counter.
Overall downtrending for now after a huge rally since March 2020. I detect a huge inflow of Monies during July 2020. Prices continue to rally till Nov 2020 where the huge range begins.
Large amount of exchange from bankers to retailers are happening at the top and prices broke down from the range at during March 2021, where the exchange ended.
However, yesterday we see a strong rebound at the 0.382 Fibb level, at the same time it is also the 2/1 Gann level. The cross over point. Overall trend for now is still down, therefore prices are expected to move back up a little before trending down lower to the next Fibb level, the 0.786 of the 0.618 level as shown with the blue line.
Industry : Healthcare.
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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