Interpretation of the 5258BIMB chart

$BIMB (5258.MY)$ After a narrow-range oscillation and decline, the medium-term chart is now experiencing a wave of upward movement. From the details of the upward movement, it shows good continuity, good follow-through, and a clear and standardized trend. The running characteristics are the same as those of BIMB, which is the characteristic of institutional stock capital flow. It is a feature that matches the capital flow of institutional stocks and also shows clear reversal signals. The overall chart is very beautiful and perfect, but in the details of the local adjustments, it was found that some people are selling in large quantities. This is mainly reflected in the traces of tail-end plate on March 15th, May 31st, and June 21st. In addition, there was a significant increase in volume on March 15th. Usually, the main purpose of this trend of tail-end plate is to raise the price with the least amount of capital near the closing. This can increase the selling price the next day. After raising the price with the least amount of capital, the market closes, without having to bear the future selling pressure. This is a standard technique of selling off with tail-end plate. However, upon further review, it can be determined that the view that someone is selling in large quantities is not sufficiently supported by the traces of multiple tail-end plates. On March 15th, the capital of tail-end plate was 78.5974 million. On March 16th, the total daily turnover was 4.1929 million. On May 31st, the capital of tail-end plate was 2.266 million, and the total daily turnover on June 4th was 3.9664 million. On June 21st, it was 3.1852 million, and the total daily turnover on June 24th was 2.6433 million. From these turnover figures, if we analyze based on the view of selling off with tail-end plate, the total daily turnover of the next day cannot exhaust the capital raised from the plate. Therefore, from this perspective, the probability of selling off is not high, and the current details are more likely a protective behavior.