KLSE Stocks Review

Astino (7162) The Story behind the Chart of ASTINO BHD

ChartStory72
Publish date: Tue, 04 Jan 2022, 12:49 PM
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Astino 7162
Normal TA VS Fibonacci TA 
Fibonacci TA
 
One of the major difference we can see by using Fibonacci is that all the hidden levels are revealed. One of the most obvious revealed level would be the Fibonacci Critical Support, whereby it was respected by the bankers as the prices rebound immediately after it touches the level.
 
The Balancer also play an important role in this case. Prices had been trending above balancer for the past few mknthst which is also a sign that the downward momentum is weakening. In fact, prices manage to trend higher after it close successfully on the balancer. 
 
The next level to pay attention to is Fibonacci Resistance Zone. The zone is a well respected by the bankers because prices had been rejected multiple times when it touches that level. The good news is prices finally manage to breakout from the zone. A successful closing above the level in the next few days will serve as a confirmation to the successful breakout.
 
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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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