KLSE Stocks Review

KSSC (5192) The Story behind the Chart of K. SENG SENG CORP BHD

ChartStory72
Publish date: Wed, 23 Jun 2021, 12:04 PM
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KSSC 5192 
 
Another one of those where the bankers were secretly collecting behind the scenes for months then the sudden push kind of pattern here. 
 
First we see multiple high inflow of monies inside the Collection Triangle, indicating collection behind the scenes. After the collection was done, we see a massive push for a few days straight creating the Piercing to the Sky Pattern. The Pattern indicates that the bankers will not respect any form of resistance in the short term and will go all the way up whatever it takes.
 
In order for the Piercing Pattern to stay valid, prices must continue rallying tomorrow towards the 2.618 level. 
 
Industry: Industrial Materials, Components & Equipment. 
 
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