KLSE Stocks Review

TASCO (5140) The Story behind the Chart of TASCO BHD

ChartStory72
Publish date: Tue, 15 Jun 2021, 01:01 PM
ChartStory72
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Tasco 5140 
 
Prices are somewhat in a ranging mode and at the same time, prices are in an undecided area. Undecided Area is where bankers are still deciding whether they should continue pushing it higher or let go like how your ex let go of you (joke,LOL). 
 
However, there are signs that there is a higher percentage that prices will actually head higher, here's why. Notice the Parallel Support? It's a combination of both Fibo 0.236 + Pitchfork Fibo Support which forms the Parallel Support. Prices rebounded twice at that Parallel Area which confirms some entries of monies. At the same time, prices are in a critical resistance area. 
 
The Parallel Support is indeed a very good area to collect. However if prices are to break down from that Area then all hope is lost where the bankers have already decided to let it go. 
 
Let's observe and see. 
 
Industry: Transportation & Logistics. 
 
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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