One of the Top Most Actively Traded Counters for today.
On Feb 2021 we see a large inflow of Monies collecting at the bottom. Prices rises quickly shortly after that. Notice when prices are rising vigorously, the volume is getting lower and lower. This is the sign that prices cannot sustain the higher peaks anymore and it is very obvious someone is behind the scenes doing some 'Goreng'.
Prices quickly tumbles and the cycle ends today as shown in the graph. By using the Time wave + Time Cycles we can predict the end of Cycle and the beginning of a new cycle. However, for this case it is very hard to predict a new cycle, prices MAYBE will go on a small uptrend before heading down lower BUT the % of it happening is VERY low.
The three fakers refers to the fake 'BUY' volume to lure retailers in as they thought the stock is about to comeback. As you can see prices went down instead of going higher.
Industry : Technology
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.