KLSE Stocks Review

YINSON (7293) The Story behind the Chart of YINSON HOLDINGS BERHAD

ChartStory72
Publish date: Mon, 06 Sep 2021, 11:38 AM
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Yinson 7293 
 
Overall in the bigger picture prices are in a huge ranging mode with lower highs towards a major support, kinda looks like a massive Descending Triangle. This indicates weakness as the buyers are getting weaker and weaker. 
 
After zooming in to find out more clues on what's going on, we can see that prices are now re-testing a Key Fibonacci Resistance. If prices are able to breakup from that Level then a possible short term uptrend will come. However, there's a high chance that prices will head down lower instead due to the fact that there's very low inflow of monies to push prices to to go higher. 
 
Let's observe on the next few days. 
 
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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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