MCT 5182
One of the Top Actively Traded Counters for today.
After the big crash from March last year, prices had been ranging for 1 whole year straight.
However, there are signs that prices will be heading higher again and we are going to share them today.
The 1st sign is on May 2020 where there are large inflow of monies collecting the dips, usually those who does that are their company's shareholders as they know their company's valuation are not that low.
The 2nd sign is there is a huge spike in prices and another huge amount inflow of monies on Oct 2020. This indicates collection of fund houses, why fun houses are buying after a few months and not on May? Fund houses needed time to investigate and do research on the company whether they are still able to make profits during the MCO period.
Next we use the Fibb Trend to analyze, we can see prices rebounded EXACTLY at the 0.786 area. By combining it with time cycles we can predict that prices will move as shown with the blue line.
Industry : Property
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.
https://klse.i3investor.com/blogs/KLSEChartStories/2021-04-01-story-h1543104222-MCT_5182.jsp
