KLSE Stocks Review

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

ChartStory72
Publish date: Tue, 18 Jan 2022, 01:52 PM
ChartStory72
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Frontkn 0128 
Normal TA VS Fibonacci TA 
Normal TA
 
Let's do something different today as everyday you see post all about Fibonacci. Today I am going to do a comparison between Fibonnaci TA and Normal TA. To access the remaining post you can follow my Telegram Channel, it is all inside my Channel. Link is at the Bottom.
 
Overall prices is in a pre-breakout/breakdown type of movement. Why? Let’s look at the chart. 
 
First, notice that there is a support trendline supporting the prices. Prices rebounded off whenever it touches the line. Thus, a higher low is forming constantly. On the other hand, there is no higher high forming. A strong resistance line is preventing prices from trending higher. Also, The Moving Average (MAs) are starting to flat out, which is a sign of ranging. 
 
The bad news is, prices had finally brokedown from the support line recently. The scenario is getting worse on last Friday, which is a gap down red candle followed by high volume. High volume outflow at the peak is a sign of bankers leaving. Also, MA deathcross had formed on the same day.
 
Come join us on Telegram and PM us to learn more and request for the stocks you need reviewing for FREE. We also post other extra contents that we do not share here, which includes weekly recap and weekly analysis. 
 
Telegram : https://t.me/thechartstory
 
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.

 

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