KLSE Stocks Review

PUC (0007) The Story behind the Chart of PUC BHD

ChartStory72
Publish date: Mon, 28 Jun 2021, 03:30 PM
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PUC 0007 
 
This is an interesting one because initially the bankers had abandoned this stock and all of a sudden we see a Reversal of Fate, where a sudden interests returns. Perhaps it is a different group of bankers? 
 
Previously, notice that prices broke down from the Golden Ratio level 1.618 and stayed below for 3 months straight until recently, a sudden huge inflow of monies returning. Prices Breaks back into the Golden Ratio level causing a Reversal of Fate Pattern. This Pattern indicates a sudden interest by the bankers. 
 
To further support this theory, prices broke up from the Level 1 resistance with high Inflow of monies as well. Prices are expected to test the Level 2 Resistance Zone very soon and if able to break, a possible uptrend is about to come. 
 
Stay tuned. 
 
Industry: Media. 
 
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