KLSE Stocks Review

DNONCE (7114) The Story behind the Chart of D'NONCE TECHNOLOGY BHD

ChartStory72
Publish date: Wed, 25 Aug 2021, 11:29 AM
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Dnonce 7114 
 
This is an updated post from my previous review which you can access here: https://klse.i3investor.com/blogs/KLSEChartStories/2021-06-18-story-h1566909410-DNONCE_7114_The_Story_behind_the_Chart_of_D_NONCE_TECHNOLOGY_BHD.jsp 
 
As stated in the previous post, prices were turning bullish and indeed prices did went on a small bullish run for the past 2 months. However, can the bullish power maintain? Let's dive into the analysis and see. 
 
Now from the chart we can see that prices broke up from both the angles 3/1 and 4/1. Now that indicates strength as the Bullish power had overcomed 2 boss fight in a row. However, the last boss fight is where prices will fail as this is usually the hardest to win. 
 
Behold, the 8/1 Gan Fann Ultimate Resistance of all time combining with the Original Fibonacci Level 1 Resistance. Imagine fighting 6 guys without your arms, yes that is exactly how difficult it is for prices to breakup and indeed we see a massive sell off exactly at that point. Prices must break above only the uptrend can continue, otherwise prices should head down in the future. 
 
Industry: Packaging Materials.
 
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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.

 

DNONCE (7114)
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