KLSE Stocks Review

JCY 5161

ChartStory72
Publish date: Thu, 22 Apr 2021, 03:47 PM
ChartStory72
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JCY 5161 
 
One of the Top Most Actively Traded Counters for today.
 
Overall a downtrending stock. Notice that the 2/1 is a well respected resistance as prices had been testing that area but still unable to break it, couple by the Fibb resistance Arc, prices are just too weak. 
 
At the same time, we see a Fibo Combo Support where prices are rebounding at the 1/1 support level, coupled by a suppose resistance Arc turn support. 
 
2 important levels to take note, 2/1 and the 1/1. Today we see prices are strongly approaching the 2/1 resistance area, in order for prices to rally higher prices MUST breakthrough that 2/1 only we can consider a switch to uptrend. Otherwise, prices will just get rejected at that area and head down lower to the Fib Combo Support level 1/1 + Arc. 
 
Put this in your watchlist and find out what will happen in the next few days. 
 
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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