KLSE Stocks Review

HWATAI (8478) The Story behind the Chart of HWA TAI INDUSTRIES BHD

ChartStory72
Publish date: Wed, 28 Jul 2021, 07:32 PM
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Hwatai 8478
 
Overall before the explosion towards the upside, there are multiple signs that the bankers were collecting behind the scenes. 
 
First sign, which is also the most obvious one is the Piercing Rejection inside The Collection Triangle. How so? Notice that the bankers executed a 'fake' breakdown from a Critical Fibonacci Level. However, the 'fake' breakdown were actually just a few Dojis which follow up by a Green Candlestick that Pierces back into The Collection Triangle. That is already a massive hint that something big is coming. 
 
Second sign is the fact that the so called 'range' is not much of a range at all, it is more of a Uptrending Range. An Uptrending Range is what bankers love to do by hiding behind the 'range' while in actual fact, they are collecting behind the scenes. Only a very few people can catch on to what they are doing. 
 
Moving on, prices had broken the Golden Ratio Resistance whereby prices should continue head higher, at least in the short term. 
 
Industry: Food & Beverages.
 
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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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