KLSE Stocks Review
Willow 0008
ChartStory72
Publish date: Wed, 28 Apr 2021, 02:58 PM
ChartStory72
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Willow 0008
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Overall prices are in a ranging uptrend. Previously we see a heavy selling at the Fibo area between 0.618 till 0.786. Keep in mind, that area had many 'Trapped' souls.
Moving on, we see a strong rally during March this year. Prices rallied back to the 0.618 fibo area and were not able to breakthrough that area, why? Now remember the 'Trapped' souls i mentioned above? That area is now off limits till whoever had been trapped previously sell all of their positions.
Today we see prices are testing an important area of 0.786 + 0.382 Fibo level. If prices are able to breakup this area, prices should rally back to the 'Off Limits' Area. Otherwise, prices will continue dropping.
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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