KLSE Stocks Review

Picorp 7201

ChartStory72
Publish date: Thu, 27 May 2021, 04:07 PM
ChartStory72
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Picorp 7201 
 
Requested by one of our subs as well. 
 
Prices were in a rangy uptrend previously until yesterday where we see a spiked up prices testing the 1.618 Golden Ratio Level. Yesterday prices were unable to break 1.618 Golden Ratio level and today will continue the re-test from yesterday. 
 
If prices are able to close above the Golden Ratio level, prices might continue rally higher, perhaps even towards the Golden Ratio x2. However, there also some subtle hints that the bankers will push this stock. Notice that previously prices spiked up once but were unable to break the 0.786 level? That is a hint of the 'one of the bankers are not ready yet'. Therefore, prices immediately drops back down till everyone is ready. 
 
Industry : 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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