KLSE Stocks Review

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

ChartStory72
Publish date: Mon, 16 Aug 2021, 07:15 PM
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An updated version from my previous post which you can access here: https://klse.i3investor.com/blogs/KLSEChartStories/2021-08-09-story-h1569676120-AVI_8885_The_Story_behind_the_Chart_of_AVILLION_BERHAD.jsp 

AVI 8885
 
To my surprise, I never thought that prices will re-test that level so quickly but yea another win for the Fibonacci Numbers for showing the future before it happens again. From the super long green candle, I can only conclude that the bankers are rushing to push, maybe they are on a deadline or something.
 
Now let's analyse what's going on and try to grasp what are the banker's next move. First we see that prices spiked all the way up towards the highest Peak Fibonacci Resistance, the 4.236. As the name states, that is the highest prices will ever go, and it is also the hardest level to break. Whoever bought at that level, good luck bro. 
 
Next we also can see that prices got pushed all the way down and couldn't stay above the Combo Fibonacci Level of 1.618 + 2.618. This indicates weakness, at least in the short term. However, prices are still maintaining above the Level 1 Resistance as support. If prices can maintain above it, there's still hope, otherwise, good luck bro.
 
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.
 
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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