KLSE Stocks Review

ANNJOO (6556) The Story behind the Chart of ANN JOO RESOURCES BHD

ChartStory72
Publish date: Wed, 09 Jun 2021, 03:54 PM
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Annjoo 6556 
 
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Overall prices are in a steady uptrend, which is good. Within this few days, we can see that prices are testing hard on a major support level and prices are trying hard to rebound higher for that level to hold. At the same time, the 1/2 Gann Level is also contributing the resistance towards that support level, pushing prices down. 
 
In order for a confirmation of rebound, we need a strong green candle to break above BOTH the Support level 0 AND the Gann level of 1/2. If prices are unable to do so, prices will continue to rally towards the downside on to the next support level which is highlighted in blue. 
 
A little good news is that, I do notice something weird is going on whereby there are less outflow of monies, therefore possible fake push down by the bankers to scare off retailers. We shall see. 
 
Industry: Industrial Products & Services. 
 
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