KLSE Stocks Review
Urest 0005
ChartStory72
Publish date: Thu, 15 Apr 2021, 02:10 PM
ChartStory72
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One of the Top Most Actively Traded Counters for today.
I detect a huge inflow of Monies since Feb 2021. The 1st batch of monies that were panic buying are actually the shareholders or someone with insider news. The Bankers started to push the prices up in the next few days and prices rose up to more than 100% within 1 month time.
By using combo Fibo techniques, we see that prices have broken the 0.786 Fibb level. 0.786 is an important level for Ucrest as previously prices tested that area twice and it is unable to breakthrough that level. Once the 0.786 is broken, the next target would be the Fibb level 1. By combining with Fibb retracement, the True area that the stock price will reach next is actually the combination of Fibb level 1 + 1.618 Golden Ratio.
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.
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