KLSE Stocks Review

Inari 0166

ChartStory72
Publish date: Tue, 11 May 2021, 03:15 PM
ChartStory72
0 211
We post FREE chart reviews on KLSE daily Top Gainers and Most Actively Traded Counters. We are also giving out free reviews for our subs as well. Come join us on Telegram and PM us to learn more and request for the stocks you need reviewing for FREE.

Facebook : https://www.facebook.com/thechartstory

Telegram : https://t.me/thechartstory
Following Message

 

Inari 0166 
 
Requested by one of our subscribers, you can get yours too for FREE if you PM us on Facebook so dont be shy.
 
Happening to all tech stocks in Malaysia where all tech stocks are now dropping hard. 
 
For inari in particular, the downtrend had been obvious ever since the breakdown from the Fibo Last Line of Defence Support Level. At the same time if you notice, the breakdown is exactly at the Fibo Point of 0.618. Coincidence? 
 
Before the breakdown, there were also a sign of weakness where there were a huge sell off by the bankers on March, the bankers had been unloading all their stocks to the retailers before letting it tank down lower.
 
For now, prices should head down lower towards the next Fibo Area as shown with the blue arrow in the chart. At least for 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.

 

More articles on KLSE Stocks Review
YTL (0025) The Story behind the Chart of YTL CORPORATION BERHAD

Created by ChartStory72 | May 05, 2022

DSONIC (5216) The Story behind the Chart of DATASONIC GROUP BERHAD

Created by ChartStory72 | Apr 18, 2022

ATAIMS (8176) The Story behind the Chart of ATAIMS BHD

Created by ChartStory72 | Apr 13, 2022

FRONTKN (0128) The Story behind the Chart of FRONTKEN CORP BHD

Created by ChartStory72 | Jan 18, 2022

ANNJOO (6556) The Story behind the Chart of ANN JOO RESOURCES BHD

Created by ChartStory72 | Jan 17, 2022

EVERGRN (5101) The Story behind the Chart of EVERGREEN FIBREBOARD BERHAD

Created by ChartStory72 | Jan 11, 2022

TEXCYCL (0089) The Story behind the Chart of TEX CYCLE TECHNOLOGY (M) BERHAD

Created by ChartStory72 | Jan 10, 2022

Astino (7162) The Story behind the Chart of ASTINO BHD

Created by ChartStory72 | Jan 04, 2022

Wong (7050) The Story behind the Chart of WONG ENGINEERING CORPORATION BERHAD

Created by ChartStory72 | Jan 03, 2022

TOPGLOV ( 7113) The Story behind the Chart of TOP GLOVE CORP BHD

Created by ChartStory72 | Dec 06, 2021

Discussions
Be the first to like this. Showing 0 of 0 comments
Post a Comment