KLSE Stocks Review
ViziONE 7070
ChartStory72
Publish date: Fri, 07 May 2021, 02:28 PM
ChartStory72
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ViziONE 7070
One of the Top Most Actively Traded Counters for today.
Overall nothing much to see here as the whole chart is in huge ranging mode and more towards the downtrend. If we are able to short sell then perhaps this might be good.
However, we are able to get a few information from here as we know the 3/1 area is a respectable resistance area, tested thrice. At the same time whenever prices rebounded off that resistance area, it is also a combined Fibo level of 0.382 + 3/1, 0.618 + 3/1, 0.75 + 3/1. Coincidence?
Prices should continue dropping in the short term as i dont see any rebounding power for now.
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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