KLSE Stocks Review

HONGSENG (0041) The Story behind the Chart of HONG SENG CONSOLIDATED BERHAD

ChartStory72
Publish date: Sun, 25 Jul 2021, 11:16 PM
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HongSeng 0041 
 
An updated version from the previous analysis. You may access the previous analysis here: https://klse.i3investor.com/blogs/KLSEChartStories/2021-06-25-story-h1567028534-HONGSENG_0041_The_Story_behind_the_Chart_of_HONG_SENG_CONSOLIDATED_BERH.jsp
 
For those who still do not trust in The Power of Fibonacci Analysis, this is another prove for you. As previously analyzed where I stated that prices are in the Golden Triangle Collection Area, if you manage to enter during that time, which is one month ago, you may have captured that 135% gains !!! 
 
Anyway, moving on, the last confirmation that the uptrend is Genuine is when prices executed a Fibonacci Triple Barrier Break, whereby it indicates massive strength and the bankers are ready to push for good. The push is so strong that the bankers ignored a few Key Areas. 
 
However, just like a rubber band, whenever it is being stretch too much, it will eventually break. Same as the prices here, a very high chance that a red candle is about to come, stay tuned. 
 
Industry: Software.
 
Come join us on Telegram and PM us to learn more and request for the stocks you need reviewing for FREE. 
 
Telegram : https://t.me/thechartstory
 
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.
At Chart Story, we believe stock prices move for a reason. Our objective is to share what we believe.

 

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