FAtTA Value Growth Income Investing
[FAtTA （发达）] Stock To Watch on 4/8/2016 - CHINHIN (5273)
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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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
