KLSE Stocks Review

Alcom 2674

ChartStory72
Publish date: Mon, 12 Apr 2021, 02:47 PM
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One of the Top Gainers Counter for today. 
 
Rarely stocks that have the Volume Pattern I call the Trinity Monies Entries. Where the stock doesn't move or it's in a huge ranging mode. BUT there are huge inflow of monies.
 
The meaning for Trinity Monies Entries is where the bankers are too eager to collect the stocks before the deadline. A deadline where they must start pushing the price to go higher. 
 
After that, prices surge up strongly today and it is testing the 1/1 Resistance level. Prices must break through the 1.618 Golden Ratio Arc + the 1/1 Resistance level in order for prices to head higher in the future. 
 
If prices are unable to break that combined level, prices will drop and find support at the 2/1 Support Area. 
 
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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