The Chart Story

BJCORP (3395)
Daily Timeframe

Stock prices of Berjaya Corporation Berhad had entered a mini-bull run since December 2022, which seen a significant increases of 56.6% in the prices within a 2 months period. Yet, it had dropped steadily and formed a descending triangle since it faced the weekly Fibonacci retracement level 0.5 resistance.

Prices are now trading at its mini support zone, which had been respected by the bankers since the breakout in the late-December. However, I have a pessimistic view on the potential prices movement as things stand. This is because the high outflow of volume with a huge classic bearish engulfing pattern at the peak.

Yet, if the prices manage to break above the downward resistance line supported with good volume, prices will resume the upward momentum and looking for a retest on the Fibonacci resistance.

CTOS (5301)
Daily Timeframe

Prices had trending higher since the Jun 2022. Yet, things had changed when the price hit the pitchfork last line of defence, which serve as a super critical resistance. In fact, price even form a shooting star with a large volume bar, signify high outflow of volume at the peak.

Now, prices had reached the zone which is its previous low. The level had served as support the last time prices retesting it. Thus, we may see some rebounding movement in the near term, with assumption that bankers are still respecting this level. Prices may retest level 1.15 if bankers had gave up on current level.

VELESTO (5243)
Daily Timeframe
Prices had been a steady uptrend. However, it hit the peak on 0.285 and rejected instantly. So, we are looking for the nearest potential support for the prices.
First, the upward trendline. Prices had been trending higher steadily above the upward trendline. Also, the box support, which is a decisive zone. Prices break above the zone for the first time 2020 and just done a first retest on the zone. With the combination of these 2 supports, we can formed a potential golden support triangle.

INARI (0166)
Weekly Timeframe Analysis

From the weekly chart, the initial dropping pattern is steep, which indicate the strong selling pressure (the big bearish candle). However, prices then enter a ranging downtrend movement, which signing the weakening of downward momentum.

Besides, there is a MACD divergence happening. MACD is a basic technical tool that indicates the momentum of the prices, and divergence here simply means the bearish momentum is getting weaker. However, please note that MACD divergence may fail, and it should just be serve as one of the considerations.
Prices are now trending at the multi-tested support level, with a potential inverted head and shoulder pattern (if prices did not break below RM2.29).

Overall , prices are still in downtrend, and the situation will only change when it breaks above the downward resistance line.

*The potential bullish movement that I mentioned in my analysis may took few weeks/months to take place as it is weekly timeframe

JPM (NASDAQ)
Daily Timeframe Analysis

The collapse of Silicon Valley Bank (SVB) had shocked the financial markets. So, let us have a quick look at the technical view of the bank with largest cap, JPMorgan.

The first sign we manage to observe is the downward pitchfork channel, which is in line with the big market recession throughout the year 2022. Yet, after a multiple testing on the critical pitchfork support, prices then managed to conduct a strong breakup and fly all the way up towards the previous peak (price 142).
In fact, prices faced some selling pressure at the previous peak. Yet, it’s not the time for us to be pessimistic for the further movement. This is because prices did not reject strongly, but instead forming a pre-breakout build-up around the resistance zone.

SVB news had put the credibility of the banks to our attention, yet there is a dump-and-pump sign of volume appear. It seems like bankers have some serious plans behind the scene, and only times will tell us the truth.

XAUUSD (GOLD)
4H Timeframe
Scalping Sharing Session

Prices had experienced a triple breakdown which indicate the weakening in price movement.

1st breakdown: MACD death cross
2nd breakdown: Breakdown from double EMA
3rd breakdown: breakdown from resistance

It had dropped more than 3000 PIPS. Simple indicators are enough for us to make profits!

MYNEWS (5275)
Daily Timeframe

Prices had been a full downtrend since the February 2018, so why we still bother to see the chart? The answer is simple, there are always chances regardless of uptrend or downtrend, and what we are trying to do is to grab every opportunities!

We can easily detect a few significant levels that will determine the direction of the price movement. First, the critical pitchfork + Fibonacci retracement support. Bankers had show their respect towards these levels, and I am expecting no difference this round. The last confirmation will be the formation of bullish candle.

Let’s assume the prices manage to rebound off the levels, where will be our destination? We can clearly see a decisive level, which is the pitchfork level 1. Prices had previously serving as a resistance when the prices below it. Also, it became a small support level when the prices ranging above it for a few months. Therefore, I am expecting the level will show some selling pressure.

Maybank (1155)
Weekly Timeframe

Hello everyone, it had been sometimes since our last post. Chart Story will resume to provide accurate analysis. In facts, not only the malaysia stocks but also cryptocurrency, US stocks, forex and multiple timeframe. Join the channel if you do not want to miss these analysis!

Prices had been a ranging mode since the May 2022. Yet, if we look from a bigger perspective, we can notice that prices are actually in a ranging uptrend momentum. Also, we are able to identify several critical resistances and supports from the chart.

First, the critical pitchfork resistance. Prices had shown a strong rejection after a mini double top. Besides, the critical pitchfork support and Fibonacci retracement zone. It’s currently served as a double support zone for the prices. However, the rebound sign is not as strong as the first retest, signing the poor market sentiment.

Hexind (0161)
Daily Timeframe

Overall prices are in a ranging uptrend with obvious resistances highlighted in red and support highlighted in blue. We can see that prices had been rejected recently at the Golden Ratio resistance and reverse back up at the resistance turn support level.

There will be a high chance that prices will re-test the Golden Ratio Resistance level before deciding whether to go higher and tanks back down.

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Education Hub

Sedania 0178
Short Commentary
Daily Timeframe

Overall prices are slowly going back up forming a ranging uptrend pattern. However, today we see a strong outflow of monies, this indicates weakness in prices are the 0.382 Fibonacci Support Level might not be able to hold the prices anymore. Our last hope is the Fibonacci Support Level 0.

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Kpower 7130
Weekly Timeframe

Posted an analysis on Kpower about a year ago where we witness a strong dumping after it peaked at 2.91. It is obvious that day prices are unable to break and close above the Fibonacci Support Level and prices continue to trend down.

After 1 year prices are now very clear to us as they had been taking their time to form the classic Head & Shoulders Pattern all this time. Prices should complete the pattern by 3rd of October, according to the Fibonacci Time Cycles. From then on a new cycle will emerge, stay tuned.

Join our vibrant community with full of knowledge and discussion for both Stocks & Currencies where we share our strategies and Fibonacci analysis on how we profit from the market. PM @TCS_Concierge to know more.

Jadem 7043
Short Commentary
Daily Timeframe

Overall prices are in a strong uptrend with obvious support and resistance levels after plotting the Fibonacci Pitchfork.

Prices are now at the Fibonacci Support, this is the 3rd re-test of the support level. If the level is able to hold, prices should rebound. Otherwise, if the level is broken then we may see a start of a range or potentially a downtrend.

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Cypark 5184
Weekly Timeframe

This one really aged pretty well. Today one of the subs requested to look back into this stock and when I open the chart, my old drawings are still there.😆 Seems like I am right since last year😉. Only if KLSE allow us to short the markets. 😏

Now by looking at the bigger picture, this stock has been DOOMED from the start as it is on a huge long term Downtrend since 2014. All the uptrend in between had been superficial at best. A fake rally or 'retracement' to trap fellow investors.

However, smart monies are often smart enough to ride the small wave up just to sell at the Fibonacci Resistance right before prices tanks. Good news is that prices are in a Weekly Fibonacci Support Level now. Prices should rebound ever slightly, good for a quick profit short term play, however, should prices rebound strongly? That entirely depends on the bankers, but with current market condition, I highly doubt so.

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MRDIY 5296
Analysis Review

As predicted since last month, prices crash (-19%) immediately after forming the Double Resistance Pattern with a combination of A Double Top Pattern + Fibonacci Resistance. If only we are able to short the market.😆 For those who took our advice and sold beforehand congratulations.

Prices are now at the temporary support, prices may look for a quick rebound before the next downtrend.

Interested to join a vibrant community of experienced traders? PM us @TCS_Concierge

F&N 3689
Daily Timeframe
Subscriber's Request

It is considered to be one of our blue chip stock. However, blue chip still doesn't mean it can't be in a long term downtrend. As you can see from the chart, lower lows had been forming for the past 3 years. Meaning it has been in a declining stage way before Covid crash even happened.

Good news is that, prices are now at the Temporary Support, a Temporary Support act as a mini rebounding opportunity for people who are stuck to get out as soon as it rebounds.

For those who are considering a High Risk quick profit, may look to buy, otherwise it's best to be hands off for now unless there are some significant rebounding signal occurs in the future.

Interested to join a vibrant community of experienced traders? PM us @TCS_Concierge

The Chart Story Education Hub Official Launch

Since the we are able to get 29 ❤️ from the previous sneak peak post, we shall launch this to help that 29 person as promised.

This time we are only charging RM 45 per month ! Why? Because we are only doing this for fun, a small compensation is good enough.

For more details you can read here: https://t.me/TCSContentReview
- Please do not join this channel, it is for reading purposes only.

PM @TCS_Concierge for more info.

DJ Futures
Weekly Timeframe
Global Market Analysis

Usually if we want to look at the Global Markets we would take DJ as our reference. By looking at the chart we can see there are major indicators that the market is about to go down and this time it will be bad.

The first sign of trouble is the massive selloff and exiting by the bankers at the top. Next we can see that while the marketing is slowly trending down, there are a few 'buying' signals of candles with high volume indicating last min exiting by the bankers, a total wash off.

ALL signs are pointing towards a massive Downtrend. Be sure to take extra precautions if you are investing in times like this. Good Luck.

FTSE Bursa Malaysia KLCI
Weekly Timeframe

An Impending Doom?

The KLCI had been on a downtrend ever since it peaked at 2018. It is a very subtle but obvious chart pattern that not everyone are able to see. Lower lows had been forming for the past 4 years without any indication that the market will rebound. Today we see a break of a major support. ALL signs are showing this long term downtrend had just begun.

The Chart Story Online Education Hub (Coming Soon)

Selling courses was never our intention in the first place, as we don't need the money and out main source of income was never from that. The reason for starting this channel was to help as many people and possible at the same time exposing the true mechanics behind every chart patterns by using the Fibonacci Numbers and mathematics. We are doing it as a hobby instead of a day job.

However, we kinda grew bored and wanted to expand into a all new Education Hub for fun that is super affordable (Less than RM 60 per month, a small compensation for our time) to help as many people as possible to earn more side income or even main income from trading the Stock + Currencies Markets. The picture above is a sneak peak of what value you are getting + more !

Hit the ❤️ emoji on this post if you are excited to join. We will launch it if we hit 15 ❤️, otherwise no point launching if nobody is interested anyway.