KLSE Stocks Review

MMCCORP (2194) The Story behind the Chart of MMC CORP BHD

ChartStory72
Publish date: Thu, 03 Jun 2021, 02:20 PM
ChartStory72
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MMCCORP 2194 
 
Requested by one of our subs. 
 
Previously when prices are in a ranging mode, the bankers have been collecting behind the scenes without anyone knowing. Whereby, the strongest signal is Hidden in Plain Sight. If you understand Fibo you will notice the Golden Triangle Collection Area as mentioned also in the previous post. Notice there were a steady stream of inflow of monies, once they have collected enough, the breakout of The Golden Triangle occurs, combining with the sudden high spike in volume. The start of a push, which also act as a confirmation. 
 
Prices spiked all the way up towards the Critical Fibo Area and got rejected hard. Today we see a retest of that Critical Resistance Level. If prices are able to break and stay above that level, we might see a continuation rally, at least towards the Golden Ratio Level.
 
Industry: Transportation & Logistics. 
 
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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