KLSE Stocks Review
Mtouche 0092
ChartStory72
Publish date: Thu, 20 May 2021, 11:53 AM
ChartStory72
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Mtouche 0092
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Overall prices are still in a downtrend. However, there are a few signs that indicate the uptrend is about to come, we just need the last confirmation.
First, we need to understand the area of strong Fibo Resistance which is highlighted in the chart. Prices had been testing that level twice previously and prices are in that zone once again today. IF prices are able to break above that zone then that will be the confirmation of the change in trend from downtrend to uptrend.
Next, we can see the slow increase of price's low getting higher low each time and slowly increasing in Fibo support. Let's wait and find out whether the Fibo Resistance can hold.
Industry : Plantations.
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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