FAtTA Value Growth Income Investing

[FAtTA (发达)] Stock To Watch on 4/8/2016 - CHINHIN (5273)

pinko4988
Publish date: Thu, 04 Aug 2016, 11:01 AM
Fundamental Analysis plus Technical Analysis (FA+TA) based on VALUE GROWTH INCOME INVESTING... We are DREAM HUNTERS... "Investment Brighten Your Dreams"
CHINHIN Daily Chart
 
CHINHIN (5273) made a successful breakout of the downtrend line in the latest session with closed above the Fibonacci Retracement level of 50%, indicating some degree of strength for the bull to push the price higher in the next trading days.
 
However, the price was retreated after tested the 61.8% of Fibonacci Retracement level, which is equivalent to MYR0.850 and closed at MYR0.845.
 
In case this level is broken above decisively with notable increased in traded volume, foresee a strong bull will lead CHINHIN to test the historical high of MYR0.895.
 
Good luck and happy trading!
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