KLSE Stocks Review

SCNWOLF (7239) The Story behind the Chart of SCANWOLF CORPORATION BERHAD

ChartStory72
Publish date: Mon, 20 Sep 2021, 12:08 PM
ChartStory72
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Scnwolf 7239 
Market Review Series
 
Today I am going to share something different from the regular Review and share how can we read what the bankers are doing behind the scenes just by looking at the charts. 
 
This stock illustrates best on how the bankers perform their "washing". Washing is when the bankers try to make the stock very difficult to trade and force the retailers into selling their shares, so that the bankers can push the prices higher after 90% of the retailers had sold their shares.
 
The start of the "washing" begins on the 3/5 all the way to 10/9. You can see that a seemingly calm stock suddenly whipsaw between the dates stated. Whoever are not patient enough would have sold all their shares to reduce the amount of stress from seeing prices whipsaw +/- 40% within days! 
 
Next we can see that the Fibonacci Resistance had been tested 3 times within a month period which indicates strength. The last clearing would be the long selling tail that scares off the remaining retailers and push begins.
 
Come join us on Telegram and PM us to learn more and request for the stocks you need reviewing for FREE. We also post other extra contents that we do not share here, which includes weekly recap and weekly analysis. 
 
Telegram : https://t.me/thechartstory
 
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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