Kpower 7130
Updated Version 1/7/2021
You may read the previous post either in my Telegram or in this link:
https://klse.i3investor.com/blogs/KLSEChartStories/2021-06-21-story-h1566944001-KPOWER_7130_The_Story_behind_the_Chart_of_KUMPULAN_POWERNET_BHD.jsp
Another week had past and as predicted, prices indeed fell lower as shown in the previous posts. As for today, some buying power can be seen buying vigorously and we can see that prices are re-testing the 0.236 Fibo level. That level is very important as it determines the bottom catch for Kpower, if the Bottom Catch is successful, a potential uptrend will come. However, if it fails, the trend will likely be ranging or continuation downtrend.
Now, the confirmation for the Bottom Catch to be valid would be that prices need to break and close above the 0.236 level. If prices are able to do so, a potential short-term uptrend towards the next Gann Angle Level will come.
Let's observe at 5pm.
Industry: Personal Goods.
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