KLSE Stocks Review

NovaMSC 0026

ChartStory72
Publish date: Wed, 28 Apr 2021, 02:56 PM
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NovaMSC 0026 
 
One of the Top Most Actively Traded Counters for today. 
 
Overall prices are in a steady uptrend with a few respectable fibo levels such as the resistance level of 0.618 and 0.5. For the past few months we see strong collections which formed the Trinity Collection Pattern and the final push is made just a few days ago till today. 
 
For the past few days prices rallied so strongly that it broke all resistance and it is now testing a very Critical Area. This is because this area is a combination of Fibo levels 0.786 + 4.236 (x4 Golden Ratio). I see a strong resistance at this area therefore prices should start dropping in the Short Term. 
 
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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