KLSE Stocks Review

TopGlov 7113

ChartStory72
Publish date: Wed, 07 Apr 2021, 09:32 AM
ChartStory72
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The Return Of the King.
 
Everyone knows what happened last year so i wont explain much on the rally. 
 
Okay let's move on to the 'now'. Prices had been dropping since Oct 2020 and many retailers had trapped at the top, many have already cut their losses and move on with their lives BUT there is hope for those who are still stuck OR even plan on re-entering. 
 
Notice as prices are dropping, it respects the 2/1 Gann level as a respectable resistance, tested twice. However, as it slowly approaches the 1.618 Fibb level it tends to 'touch' the 2/1 more. 
 
Why 1.618? Founded by the Greeks, 1.618 Fibb is what we call the Golden Ratio, where the very creation of life revolves around that value. The sacred number 1.618 will BE the redemption for TG as we combine both 1.618 + 2/1 level, prices are expected to reverse at this level and head towards the next Origin Resistance of 1 + 4/1 Area 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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