KLSE Stocks Review

Sharing My Entries and Exits for Frontkn (0128) using the Fibonacci Tools

ChartStory72
Publish date: Thu, 01 Jul 2021, 03:29 PM
ChartStory72
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Frontkn 0128
 
Entry Sharing Part One
 
So let's do something different. Today I will share my previous trade and how i manage to enter using the Fibonacci Tools and entered at a precise entry with Low risk High rewards. Cool? Let's go. 
 
First Sharing Today will be Frontkn dated way back during June 2020. 
 
Entry Reasons
 
1. Double Combo Fibonacci Support of both Fibonacci Arc 0.5 + Fibonacci Retracement 0.5. 
 
2. Last Confirmation = Breakout from Gann Fan Angle. Bullish Engulfing Pattern. 
 
Risk and Stop Loss
 
Stop Loss will be below both the Combo Support, if prices breaks below then uptrend invalidated. Bankers run off. 
 
Risk = 4.75% 
 
 
 
Entry Sharing Part Two 
Dated 3rd August 2020
 
Exits
Reasons to Exit
 
Prices rally all the way towards the Combo Fibonacci Resistance Triangle. A Three way Resistance Combo which consists of the Golden Ratio 1.618 + Gann Resistance Angle + Fibonacci Resistance Arc 2.618. 
 
A potential change of trend may come, get out with profits first.
 
Rewards = 49.7% 
 
Timeframe: 30th June - 3rd August.
 
 
 
Entry Sharing Part Three
Dated 8th Jan 2021
 
As expected, prices did started to range and thanka to the Fibbonaci Levels, I manage to get out before the range is about to come. However, a new entry appears.
 
Entry Reasons
 
1. Double Combo Resistance Breakout Confirmation. Prices break above both the Gann Fann 8/1 + Pitchfork Fibonacci Level 1. 
 
2. Multiple Hints before the breakout. First, the balancer were balancing the prices to stay above it. Second, there see a mini build-up at the mini support Pitchfork Level. Both are subtle information that prices are about to go higher.
 
Risk and Stop Loss
 
Stop Loss will be below the mini build-up Support, if prices breaks below then uptrend invalidated. Range will continue. 
 
Risk = 7.43%
 
 
Entry Sharing Part Four
Dated 25th February 2021
 
Exits
Reasons to Exit
 
Prices rally all the way towards the Death Triangle. A Golden Ratio Resistance Combo which consists of the Golden Ratio 1.618 + Gann Fan Ultimate Angle Resistance.
 
A Strong Rejection appear at the combo area, a potential short-term downtrend will come, get out with profits first.
 
Rewards = 54.31% 
 
Timeframe: 8th Jan - 25th Feb.
 
The End of Frontkn. 
 
I will only be posting the sharing here once, in the future I will only be posting in my Telegram Channel, which is FREE to join. Join us on Telegram for more FREE sharing and updated contents. 
 
Telegram: https://t.me/thechartstory

 

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