KLSE Stocks Review

Rubberex 7803

ChartStory72
Publish date: Mon, 26 Apr 2021, 02:41 PM
ChartStory72
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Rubberex 7803 
 
One of the Top Most Actively Traded Counters for today. 
 
Notice the huge Head & Shoulders Pattern formed completing with a breakdown from it. All signs are showing that the stock will be downtrending and all hope is lost. 
 
But fred not as I detect Re-entries of monies recently coupled with the break up from the strong resistance of the 2/1 level. I also detect a Strong momentum in the volume, therefore it can be concluded that the Bankers have rejoined the game. Prices should rally higher in the near future, just watch out for the resistance level of the 3/1 and the 4/1. 
 
Industry : Industrial Products & Services. 
 
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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