Masteel 5098

 

The huge rally had revealed to us where the bankers love to take their profits. The most obvious 2 positions are the Golden Dumping Triangle Area and the 2.618 Golden Ratio Area. This proves that the bankers have mostly taken their profits and probably moved on with their lives. 

 

However, during the recent mini downtrend, I do detect a slowed down outflow of monies. At the same time, a green doji is forming at the previous resistance area acting as support for now. I have added an eye at that area because we are now observing at that area. If that 'eye triangle' area is able to hold, another possible rally may soon to happen again. If the rally indeed happen, the best place for us to take profits is the same area as the bankers which is near the Golden Dumping Triangle. 

 

However, if prices broke down from that eye area instead, then we should let this stock go and never look back. 

 

Industry: Industrial Products & Services.