KLSE Stocks Review

DNONCE (7114) The Story behind the Chart of D'NONCE TECHNOLOGY BHD

ChartStory72
Publish date: Fri, 18 Jun 2021, 01:05 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

 

Dnonce 7114 
 
Overall prices are in a ranging downtrend after the spike rally from last year. There are multiple signs that prices were actually slowly turning into bullish. 
 
The first sign is the angle switch. Initially, the 2/1 was a resistance angle, however, prices broke up above of that angle and use that angle as a support later on. That is the first sign of strength but was it enough for a confirmation? Not yet. 
 
The second sign is the break of triangle yesterday. The strong buying pressure pushed the prices to break and close above the Resistance Angle 3/1. The 3/1 is a respectable resistance as it is tested twice previously. 
 
By combining both sign here, we can conclude that prices may have a high chance of turning bullish soon. Today we see a test of the resistance 4/1, if prices are able to breakthrough, the next most probable target would be the 8/1, the final test. 
 
Industry: Package Materials. 
 
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