KLSE Stocks Review

FRONTKN (0128) The Story behind the Chart of FRONTKEN CORP BHD

ChartStory72
Publish date: Wed, 16 Jun 2021, 01:16 PM
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Frontkn 0128 
 
Overall prices are in a strong uptrend. However, if you notice carefully the chart starts to form weakness as the first lower high had formed after the all time high Fibo Resistance 0.382 was tested. Tested Twice somemore, which indicates that prices are indeed unable to breakthrough that fibo level. 
 
Prices rallied all the way down respecting the Gan Area between the 2/1 and the 3/1 Area, tested multiple times and today we see a red doji appearing again exactly at the 2/1 area. Prices are now approaching the Triangle of Truth. The Triangle of Truth is where the bankers will determine whether they should continue pushing the prices up OR just let it go and allow prices to break below the Fibo Support Zone and tank all the way down. 
 
A moment of truth. 
Breakdown? Run
Breakup? Happy
 
Industry: Semiconductors.  
 
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.

 

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