KLSE Stocks Review

VS (6963) The Story behind the Chart of V.S INDUSTRY BHD

ChartStory72
Publish date: Tue, 13 Jul 2021, 09:48 PM
ChartStory72
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VS 6963
 
Just like most stocks recently, all transitioning from uptrend to ranging. The true transition happened when prices crosses the 3/1 angle for this case.
 
At the same time if you notice, prices tested the Fibonacci Range Resistance thrice and were unable to breakthrough that level indicating that, that Fibbonaci Level is a well respected one. If prices are able to breakthrough from that level, a resumption of uptrend may continue. 
 
Now look at the Balancer, which balanced the prices to stay above. This indicate that the bankers have not sold all of their shares yet and planning to sell all before allowing prices to break below the balancer. The balancer may even be a short term support. 
 
Industry: Industrial Materials & Components Equipment.
 
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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.

 

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Rockers

Sell loh! After selling buy Supermx

2021-07-15 09:45

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