HongSeng 0041
Overall prices are in a steady ranging uptrend with very obvious spots where the bankers love to collect and dump.
Firstly, notice the combo levels at the top? It is a combo of the Golden Ratio + Pitchfork Fibo numbers, which ultimately forms a Golden Ratio Dumping Triangle. This Triangle is often hidden and will never be easily revealed unless u have the Fibbonaci Numbers Infront of you. The purpose of this triangle is to reveal where the bankers love to unload their stocks and start to take profit, so we can follow them and get out as well.
The opposite of The Dumping Triangle is the Golden Triangle Collection. Notice whenever prices enters the Triangle, it will immediately rebound away strongly? Prices should continue head higher in the short term at least.
Industry: Software.
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