KLSE Stocks Review

AVI (8885) The Story behind the Chart of AVILLION BERHAD

ChartStory72
Publish date: Tue, 21 Sep 2021, 11:44 AM
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AVI 8885
 
Normal TA VS Fibonacci TA
Normal TA
 
Let's do something different today as everyday you see post all about Fibonacci. Today I am going to do a comparison between Fibonnaci TA and Normal TA. To access the remaining post you can follow my Telegram Channel, it is all inside my Channel. Link is at the Bottom.
 
Overall before the massive push last month, we can see that prices are on a massive range. The both the MAs are flat which confirms the range. However, what the MA could not confirm is the constant higher lows forming subtly. This is a huge clue for what the Hidden Hand are doing behind the scenes. 
 
From a Normal TA standpoint we can see prices do not respect the resistance at all, breaking up higher just to return all the way back down on the 16th of Aug. We would need prices to reach towards a peak only we can know that, that's the peak, which makes it really hard to predict where is the peak by using Normal TA as there are no guidelines. The Support/Resistance the bankers are using are well hidden and cant be decipher by using Normal TA.
 
Good news is that, the MACD do manage to predict the breakout by having the Pre-Breakout Momentum. Which is also a good sign for entry if you are able to catch it. The other levels are pretty straightforward as well, as I have already stated them in the chart. As usual, to look for Hidden Support/Resistance levels, we need to use Fibonacci to find them out.
 
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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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