KLSE Stocks Review
PohKong 5080
ChartStory72
Publish date: Mon, 17 May 2021, 03:37 PM
ChartStory72
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PohKong 5080
Requested by one of our subscribers which at the same time it is also one of the Top Actively Traded Counters for today.
Overall chart may seem boring as it is in a huge ranging mode. However, something caught my eye today as there are signs of panic buying. Immediately prices break out from the box after ranging for so long. At the same time there will be a possible break of the 3/1 level as well.
For confirmation sake, we need to see a double break today to confirm the continuation of uptrend for PohKong. The panic buy can be explained as the Overall Stock Market in Malaysia are in red last week, perhaps people trust in Gold more? For now at least.
Industry : Consumer Products & Services (Gold)
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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