KLSE Stocks Review

TECHBND 5289 The Story behind the Chart of TECHBOND GROUP BERHAD

ChartStory72
Publish date: Mon, 14 Jun 2021, 12:03 PM
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Techbnd 5289 
 
The moment the uptrend is confirmed to be over is when both supports from the Gann Fan Angles were broken. Prices tank all the way down towards the Rebounding Triangle. 
 
A Rebounding Triangle is an area where prices are Forced to rebound higher. The bankers favourite possition. Why? The massive drop had caused alot of retailers to panic sell or some even worse, contra forced sell which further boost the selling pressure. By combining the mathematical formulas, the boost will always end exactly at the Rebounding Triangle. 
 
Prices now breaks above the Triangle and is going on a mini uptrend. If the bankers havent abandon this stock yet, the next possible target would be 2/1 resistance area. Otherwise, prices would just range around, which eventually will hit the 2/1 anyway. 
 
Industry: Chemicals. 
 
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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