KLSE (MYR): SLVEST (0215)
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Last Price
1.76
Today's Change
-0.06 (3.30%)
Day's Change
1.73 - 1.81
Trading Volume
5,436,700
2024-07-22
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TreeTopView
1,352 posts
Posted by TreeTopView > 2023-10-07 15:35 | Report Abuse
An extract from a post I placed 2 months ago.........
"Current upward Fib. points are:
1.30, 1.38 (recently rejected intraday......normal at first attempt), 1.43 and 1.51.
Current downside Fib. points:
1.22. 1.18. "
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The 1.38 level was rejected and couldn't be broken, probably more to do with overall market conditions than any other factors.
The downside Fib points back then were 1.22 and 1.18. The eventual closing low over the past 2 month period was 1.20.
So for now, I still retain previous Fib points as my guide, meaning if it breaks 1.38 it could then take on 1.43 and 1.51 if the upward trend remains in place.
Although I'm a LT holder of Solarvest and Svest-WA, I decided to buy a trading parcel during the week purely on a technical basis.
So far, so good.