KLSE Stocks Review

AVI (8885) The Story behind the Chart of AVILLION BERHAD

ChartStory72
Publish date: Mon, 09 Aug 2021, 07:22 PM
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AVI 8885 
 
Overall in the bigger picture, prices may still seem to be in a ranging uptrend. However, when we zoom in starting from June onwards, the breakup from the Collection Triangle confirms the start of the strong uptrend, a transition from ranging to a steep uptrend real soon. 
 
The previous spike causes prices to rally all the way up towards the Golden Ratio 1.618 Level. Prices could not break that level and went all the way back down to re-test the 0.618 mini support. 1.618 and 0.618? Coincidence?
 
Now we can see that bankers are attempting another push, causing prices to break above the Fibonacci Resistance Level 1. There is a high chance that prices will rally back towards the Golden Ratio 1.618 again for a re-test. 
 
Industry: Travel, Leisure & Hospitality. 
 
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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.
 
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