KLSE Stocks Review

Scbuild 0109

ChartStory72
Publish date: Wed, 21 Apr 2021, 03:02 PM
ChartStory72
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Scbuild 0109
 
One of the Top Most Actively Traded Counters for today.
 
Overall we see a steady uptrend. Notice that there were a fake dumping happened in Nov last year where there are huge selling volume and alot of retailers are panic selling. This is one of the method used by bankers to trigger the panic sell from retailers and at the same time they are in fact collecting from the panic sellers. Prices went 'stagnant' till March this year where the push begins. 
 
Notice that prices are testing the Fibb level 1 resistance and fail to breakthrough? At the same time if you observe properly, the Dynamic Support & Resistance is actually the 1/2 level and the 2/1 level. Prices spiked all the way up to the 1/2 Resistance 'breaking' all Fibb resistance and right the next moment prices are forcefully rejected all the way back down. From that information, we know that we should infact, respect the 1/2 resistance level. 
 
Industry : Construction
 
 
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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