KLSE Stocks Review

SAM (9832) The Story behind the Chart of SAM ENGINEERING & EQUIPMENT (M) BERHAD

ChartStory72
Publish date: Sun, 01 Aug 2021, 07:39 PM
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SAM 9822 
 
Before that massive spike in uptrend, prices are in a ranging uptrend mode. Typical banker's collection formation. Multiple hints were actually given by the bankers, were you able to catch them? 
 
The first hint given by the bankers is the mini downtrend before that spike. Why? Notice how prices are going down but there were minimum outflow of monies. Pretty Suspicious to me. 
 
The second hint is a very obvious one, which is the Collection Triangle. Prices lingered inside the Collection Triangle for a good 3 months time ! Super Suspicious, if prices are in a downtrend, it would have just breakdown from the Fibonacci Support but no, prices lingers instead.
 
The breakout from the Collection Triangle is a confirmation of uptrend. While last Friday we see huge piercing pattern, if today we dont see a red candle, prices should continue head higher in the Short-term. 
 
Industry: Industrial Materials, Components Equipment.
 
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Discussions
Be the first to like this. Showing 5 of 5 comments

Powerplay666

If you can read the charts why not highlight it before it LU? Always after it happens you can tell a good story

2021-08-01 21:02

Bgt 9963

Post removed.Why?

2021-08-01 21:12

Hoho22

As usual hindsight story

2021-08-01 23:08

hpcp

How do you know there was minimum outflow of money? Every transaction matches buyer and seller

2021-08-02 00:19

stockraider

Go for it loh!

Go for gold mah!

2021-08-02 07:57

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