KLSE Stocks Review

SERSOL (0055) The Story behind the Chart of SERSOL BHD

ChartStory72
Publish date: Mon, 19 Jul 2021, 07:32 PM
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Sersol 0055 
 
Another one of those ranging uptrend collection pattern here, I have seen so many of these patterns and it is now so easy to spot. 
 
One vital information we know is that the Fibbonaci Level 0.786 is a critical resistance point as it is previously tested twice. Critical can mean two things, it means prices are highly likely to reverse from that level, however, if prices are able to break the critical level then there is nothing to stop prices from going higher anymore. 
 
Next, if you notice that prices consolidated inside the Collection before the massive push up? The last confirmation that prices will fly is when prices breakout from the Collection Triangle, indicating maximum momentum. Now prices executed a double break from a Double Fibonacci Resistance level, if prices are able to stay above, we may see a continuation of rally. 
 
Industry: Chemicals. 
 
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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.
 
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