KLSE Stocks Review

Censof 5195

ChartStory72
Publish date: Tue, 20 Apr 2021, 10:57 AM
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Censof 5195
 
One of the Top Most Actively Traded Counters for today. 
 
Prices were actually already on a steady uptrend and it went parabolic just 2 months back. That parabolic movement had broken the Fibb level 1 resistance level. Within 2 days, prices touches the Golden Ratio. After that it went into a 'range'. 
 
That range is what we called the 'Fake Range'. How to spot a fake range? Notice how prices actually stays above the Fibb level 1 resistance level, it broke back into the Fibb Channel but prices always went back up and stays between the level 1 and the 1.618 Golden Ratio. Prices may seem to be ranging but it is actually forming a higher low. During this period, bankers are actually collecting more for the next push and it did happen today. This push is so strong that is touches the Golden Ratio x2 !!! 
 
For now in the short term, that is the peak for censof as prices will never get any 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.

 

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