KLSE Stocks Review

CYPARK (5184) The Story behind the Chart of CYPARK RESOURCES BHD

ChartStory72
Publish date: Thu, 10 Jun 2021, 12:56 PM
ChartStory72
0 211
We post FREE chart reviews on KLSE daily Top Gainers and Most Actively Traded Counters. We are also giving out free reviews for our subs as well. Come join us on Telegram and PM us to learn more and request for the stocks you need reviewing for FREE.

Facebook : https://www.facebook.com/thechartstory

Telegram : https://t.me/thechartstory
Following Message

Cypark 5184
 
The good old Banker's Great Distribution. It is so obvious yet hard to detect without the eyesight of Fibo. Once plotted using the Fibo tools, it's there. 
 
Nothing much to explain here, as prices did rally all the way towards the Golden Ratio Resistance and prices could not break higher as it is tested quadruple times. Prices went into a big range at the top for 4 months straight. Long enough for the bankers to sell all their positions to the retailers. 
 
Prices fail to rebound at the 0.786 level as well and it is in a downtrend for now. Whoever is still holding this stock, I have drawn the last line of defense, if prices drop below that level then all hope is lost. 
 
Good luck. 
 
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.

 

More articles on KLSE Stocks Review
YTL (0025) The Story behind the Chart of YTL CORPORATION BERHAD

Created by ChartStory72 | May 05, 2022

DSONIC (5216) The Story behind the Chart of DATASONIC GROUP BERHAD

Created by ChartStory72 | Apr 18, 2022

ATAIMS (8176) The Story behind the Chart of ATAIMS BHD

Created by ChartStory72 | Apr 13, 2022

FRONTKN (0128) The Story behind the Chart of FRONTKEN CORP BHD

Created by ChartStory72 | Jan 18, 2022

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

Created by ChartStory72 | Jan 17, 2022

EVERGRN (5101) The Story behind the Chart of EVERGREEN FIBREBOARD BERHAD

Created by ChartStory72 | Jan 11, 2022

TEXCYCL (0089) The Story behind the Chart of TEX CYCLE TECHNOLOGY (M) BERHAD

Created by ChartStory72 | Jan 10, 2022

Astino (7162) The Story behind the Chart of ASTINO BHD

Created by ChartStory72 | Jan 04, 2022

Wong (7050) The Story behind the Chart of WONG ENGINEERING CORPORATION BERHAD

Created by ChartStory72 | Jan 03, 2022

TOPGLOV ( 7113) The Story behind the Chart of TOP GLOVE CORP BHD

Created by ChartStory72 | Dec 06, 2021

Discussions
Be the first to like this. Showing 0 of 0 comments
Post a Comment