Naked Chart Trading: PIE 18 Apr 2024
I missed this rocket $PIE(7095.MY$ , which its share prices jumped from around RM3.80 level to highest near RM6 level, more than 50% gains in just these 2 days!
Quoted from Theedge news: "PIE Industrial extends rally to new all-time high as Kenanga flags new client", a very strong catalyst to the company performance
Quoted from Theedge news: "PIE Industrial extends rally to new all-time high as Kenanga flags new client", a very strong catalyst to the company performance
$PIE(7095.MY$ Daily Chart
From recent low Nov 2022, PIE saw a steady bullish trend, which green candlesticks more than the red, signaled buyer in control of the market. Its share prices completed 23.6 fibo retracement back in Aug 2023 then continue with multiple higher highs & lows again until yesterday, an abnormal long green candlestick, followed by another gap up today, with strong surge of traded volume, maybe caused by the positive news
I drawed a Fibo extension from Nov 2022 low to Apr 2023 high, so the share prices are currently testing 223.6% level around RM5.50 level. Watch out for potential pull back as the price went up too sharply within very short period. I will continue to watch out for any bearish reversal candlestick pattern these few days.
I drawed a Fibo extension from Nov 2022 low to Apr 2023 high, so the share prices are currently testing 223.6% level around RM5.50 level. Watch out for potential pull back as the price went up too sharply within very short period. I will continue to watch out for any bearish reversal candlestick pattern these few days.
Resistance pointed at RM6 level, while support level, according to Fibo, are RM5.10, RM4.50, RM4.40, RM4.20 and RM4 level.
Disclaimer
This content is for reference only and does not constitute any investment advice, and past performance is not indicative of future performance. Returns will vary, and all investments carry risks, including loss of principal. Please make your own investment decisions.
Disclaimer
This content is for reference only and does not constitute any investment advice, and past performance is not indicative of future performance. Returns will vary, and all investments carry risks, including loss of principal. Please make your own investment decisions.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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