KLSE Stocks Review

D&O (7204) The Story behind the Chart of D&O GREEN TECHNOLOGIES BHD

ChartStory72
Publish date: Wed, 16 Jun 2021, 12:49 PM
ChartStory72
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D&O 7204 
 
A super uptrend stock, very rare occasion where a stock can rally so fast and high at the same time. It is so strong that prices manage to wander into the Out Of Range Zone. The Out Of Range Zone is a forbidden place where prices should not be inside, therefore as shown in the graph you can see that prices could not sustain inside the Zone and prices were quickly rejected lower away from the Zone and back below the 0.786 level. 
 
Fast Forward today, we see that prices are now testing the downtrend Ultimate Resistance 8/1 Level, if prices are able to breakthrough that level, prices should continue rally back towards the 0.786 Fibo level. However, if prices could not break that level then prices will fall, at least in the short term. 
 
I will advise to thread carefully as the inflow of monies are slowing down.
 
Industry: Semiconductors. 
 
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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