KLSE Stocks Review

Sanichi 0133

ChartStory72
Publish date: Tue, 18 May 2021, 02:49 PM
ChartStory72
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Sanichi 0133
 
Requested by one of our subscribers as well. 
 
Overall prices may seem to be in a ranging mode and it is about to break up soon due to the recent strong price rally. However, that is not the case as, prices are actually in a downtrend rather than ranging up. 
 
The recent increase in buy volume is as fake as it can get, to trap retailers into thinking the stock is going to sky rocket soon. Today we see a massive sell off after prices touches the 0.236 Fibo level, which is a strong resistance level, or should I say, a favourite selling spot for bankers? 
 
Prices should drop down lower in the Short Term. Will review again once the prices are stable enough as it is highly manipulative right now. 
 
Indusy : Industrial Products & 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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