KLSE Stocks Review
Inari 0166
ChartStory72
Publish date: Tue, 11 May 2021, 03:15 PM
ChartStory72
0 211
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Inari 0166
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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.
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