KLSE Stocks Review

Fintec 0150

ChartStory72
Publish date: Tue, 11 May 2021, 02:34 PM
ChartStory72
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Fintec 0150
 
One of the Top Most Actively Traded Counters for today.
 
As you can see from the chart, the uptrend is over way back in December last year. Where prices broke down from the Fibo last line of defence and had been trending lower ever since. 
 
I detect a huge sell off today as well. Now prices are indeed 100% in a downtrend, as you can see the 2/1 level is a respectable resistance line, tested thrice. 
 
In the short term, prices should continue heading down lower. 
 
Industry : Financial 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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