KLSE Stocks Review

PA (7225) The Story behind the Chart of P.A. RESOURCES BERHAD

ChartStory72
Publish date: Fri, 03 Sep 2021, 11:54 AM
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PA 7225 
 
Overall the major trend is still considered to be on an uptrend. The picture above is a zoom in version therefore it does not seem to be an uptrend, so dont be afraid or be confused.The purpose of zooming in is to look out for Critical Fibonacci Levels with a clearer picture on where to focus on.
 
If you pay attention, you can see that the Balancer had been trying to maintain the prices to stay above, this indicates strength as the 'Downtrend' can be considered to be a temporary one. However, dont get your hopes high up yet as there's one last confirmation is needed.
 
Notice how prices always got rejected after touching the Twin Parallel Fibonacci Resistance? The Fibonacci Resistance are now still in control, if prices are able to break up from that level, then we might see some serious uptrend continuation.
 
Industry: Metals.
 
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