KLSE Stocks Review

NGGB (7241) The Story behind the Chart of NEXTGREEN GLOBAL BERHAD

ChartStory72
Publish date: Mon, 21 Jun 2021, 01:16 PM
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NGGB 7241 
 
Overall prices are in a strong uptrend after that mini range. The mini range forms a Double Support Collection Pattern which is an obvious sign that the bankers are secretly collecting behind the scenes. 
 
Followed by a massive push all the way towards the 1.618 Golden Ratio level and prices are now testing that level. There are signs that the bankers are taking profits, however, that does not mean it is not good anymore, for a confirmation, we need to make sure that prices are able to maintain at that level and break up higher. If prices are able to do so, the next target would be the 2.618 level. 
 
If prices breakdown instead, then a potential range or downtrend will come.
 
Industry: Industrial 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.

 

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