KLSE Stocks Review

DESTINI (7212) The Story behind the Chart of DESTINI BERHAD

ChartStory72
Publish date: Mon, 23 Aug 2021, 02:49 AM
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Destini 7212 
 
Overall in the bigger picture, prices are still in an uptrend. No lower lows had formed yet, which is good news for us as we can still confirm the direction is still on the upside. 
 
After zooming in we can see that eventhough prices did not form lower lows, it is forming lower highs with a mid-term ranging downtrend. However, do not get fooled by the downtrend, if you pay attention, you will notice that the prices maintained above the Balancer eventhough it is on a downtrend ! Classic Banker Manipulation. 
 
The final attempt for the bankers to buy more is at the third re-test of the Balancer creating a Fibonacci Balancer Support Triangle. Prices should continue rally higher and re-test the previous tested Fibonacci Resistance. 
 
Industry: Industrial Engineering. 
 
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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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