KLSE Stocks Review

JETSON (9083) The Story behind the Chart of KUMPULAN JETSON BHD

ChartStory72
Publish date: Sun, 25 Jul 2021, 10:41 PM
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Jetson 9083 
 
This is an updated version from one of my previous analysis. To read the previous analysis you may access my Telegram Channel.
 
Its been 2 months since the previous analysis and it is also predicted in the previous analysis whereby prices got rejected strongly at the 2.618 Golden Ratio x2 level. Truly a respectable Resistance by the bankers. 
 
The 2.618 Level is so respectable that the bankers decided to re-test that level again. However, this time, a lower high had formed. This indicates weakness and fast forward to last Friday we see that prices are testing the 1.618 Golden Ratio Level. 
 
Multiple red candles are at the Golden Ratio Level indicates that the bankers are indecisive for now, not sure to whether push one last round or to just let it go. If prices are able to breakup the 1.618 Level, we should see a third re-test towards the 2.618 and if a breakdown from the 1.618 Level then a downtrend is about to happen. 
 
Industry: Auto Parts. 
 
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