KLSE Stocks Review

Ucrest 0005

ChartStory72
Publish date: Mon, 17 May 2021, 03:33 PM
ChartStory72
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Ucrest 0005  
 
Previous post at https://klse.i3investor.com/blogs/KLSEChartStories/2021-04-15-story-h1563336407-Urest_0005.jsp
 
Another small update requested by one of our subscribers. 
 
On the previous post we see a strong rally combining with a high inflow of monies. With this two reasons, I strongly believe prices will continue uptrending but never thought that prices will fly this high within this short period of time. This indicates the bankers were impatient and decided to push the prices quickly for some reason. Whenever a banker is impatient, we need to be careful. 
 
Moving on, we see that prices are unable to Breakthrough the Fibo Golden Ratio x2 level, the ultimate resistance for Ucrest. Prices tumbles down and today prices find support at the previous Fibo resistance level of 0.786 + 0.382. 
 
Prices are expected to rally 1 more time, not the usual big movement but rather a small movement in 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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