- Frontken has been on an Uptrend for some time. I did write about it months ago (click on the link below). - In the recent chart, we see that the price is trying to break Resistance @ RM1.67. - At the time of writing, we see an LC breaking through this Resistance at its 3rd attempt. - If this is a genuine break, volume must be high and price will then do a pullback just above the Resistance line. - One should not trade based on emotions. Let's wait and see the progress after few days.
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- On 20 Sep, we see a wide price spread with ultra high vol. Unfortunately, the price close on the lows, a signal that price will not go higher. - Price did a pullback, bouncing just above the 20MA on 25 Sep. - At the time of writing, price is closed at RM1.76 on average vol. - There is no clear direction where the price will be heading, so in this situation its best to stay aside till there is a clear trading edge. - We shall continue to monitor the stocks performance. In the meantime, feel free to look into my previous comments about this stock.