KLSE Stocks Review

HIAPTEK (5072) The Story behind the Chart of HIAP TECK VENTURE BHD

ChartStory72
Publish date: Thu, 30 Sep 2021, 11:03 AM
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Hiaptek 5072
 
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 prices are in a ranging uptrend after the massive spike on last year December. However, inside the ranging uptrend, we can learn a few things from it. 
 
First, notice that before prices head up higher in April, there is a Cup & Handle Chart Pattern? The breakout happens with a combination of the MACD Golden Cross. This indicates that the breakout consists massive strength and indeed sending prices all the way up.
 
As for now, we can see that there's a Parallel support, supporting the prices to stay above it. We can use that Level as our Last Line of Defense and if prices breaks below it, a downtrend may come.
 
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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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