KLSE Stocks Review

PUC (0007) The Story behind the Chart of PUC BHD

ChartStory72
Publish date: Thu, 29 Jul 2021, 08:35 PM
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PUC 0007 
 
This is an updated version from the previous post which you can access at: 
 
https://klse.i3investor.com/blogs/KLSEChartStories/2021-06-28-story-h1567085081-PUC_0007_The_Story_behind_the_Chart_of_PUC_BHD.jsp
 
As mentioned in the previous analysis, whereby I mentioned that prices will test the Fibonacci Resistance Level 2. Prices indeed tested that level, rebounded off for 2 weeks before continue the rally and break above that Level 2 Resistance. This indicates strength and a potential uptrend is about to come. 
 
However, to fully sure that the uptrend is genuine, we need one Combo Level to be broken, which is the Fibonacci Resistance Level 3 and the Inverted Head & Shoulders Pattern. A double break above the H&S Neckline + Fibonacci Level 3 Resistance will be the last confirmation of uptrend. 
 
If prices are able to breakthrough the Super High Resistance Zone, it will send prices to the sky again. Stay Tuned ! 
 
Industry: Media. 
 
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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