KLSE Stocks Review

LCTITAN (5284) The Story behind the Chart of LOTTE CHEMICAL TITAN HOLDINGS BHD

ChartStory72
Publish date: Tue, 22 Jun 2021, 12:04 PM
ChartStory72
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Lctitan 5284 
 
Overall prices are in a steady uptrend. Not a very strong uptrend but at the same time strong enough for some action.
 
Prices rallied towards the mini fibo resistance and got pushed down hard by the bankers. Initially, prices did manage to find some support at the 0.382 Arc but yesterday we see a breakdown and now prices seems to be approaching the Triple Fibo Support Zone. 
 
A Triple Support Zone is when all Fibonacci Numbers are aligned, which is also an area where the bankers love to secretly collect after a big push down to scare the retailers, tricking them into thinking that the stock is gone case. However, as usual, there are no 100% in trading as bankers might changed their minds, therefore, if prices breaks below that level then a potential downtrend will come but it is less likely to happen, less than 3% probability.
 
Let's observe. 
 
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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