KLSE Stocks Review

Hextar (5151) The Story behind the Chart of HEXTAR GLOBAL BERHAD

ChartStory72
Publish date: Wed, 09 Jun 2021, 03:49 PM
ChartStory72
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Hextar 5151 
 
Requested by one of our subs as well. 
 
In the bigger picture, prices broke out from the collection phase and had rally to all time high on the 3rd of May. The all time high rejection is exactly at the 3.618 Golden Ratio level. At the same time that rally had revealed the Death Triangle Pattern. Signs of the trend is coming to an end are starting to appear more apparent and we should start to be more cautious as well. 
 
However, all hope is not loss yet as the last rally might the your last hope of getting out before shit turns south. Prices may return to the Death Triangle Area for the bankers to clear all their remaining holdings before they allow prices to crash. Therefore, it is also a good place for us to get out too. 
 
Goodluck.
 
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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