KLSE Stocks Review
Technology Index ( KLSE )
ChartStory72
Publish date: Tue, 13 Apr 2021, 03:36 PM
ChartStory72
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The future is all about tech and it is only logical for tech to continue uptrending for the next 10 years at least.
From a technical standpoint, it's easy to read as it is a on a strong uptrend, respecting all the Fibo levels along the way up. While the most respected Resistance would be the 0.25 level. Where is 0.382 level is like the 2nd layer resistance where prices are not strong enough to break it, tested on Aug 2020.
Prices are expected to retrace and retest the 0.786 Fibo level before heading higher, as shown with the blue line.
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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