Price of Frontkn hit Double Tops at price RM4.75 and started Liquidity Run downward or downtrend until bearish momentum shrunk to small spinning top candle stick and attempt to make side way; Today, price get down 6 cents and plotted a Hang Man candle stick which hopefully shrink downward momentum. FYI, currently number of shares is 1589 millions from 1580 millions and EPS 7.45 from 7.49 after conversion of warrants to shares until now. Hopefully, June quarter report will be very much better than March report.

Bullish engulf candle stick was plotted and bearish momentum was shrunk or reduced, Bullish order flow would be happened next week.

Bearish momentum had been shrunk to last small Spinning Top candle stick which signify a Bullish reversal of price would be happened next week and the closure of Manipulation phase too; price structure would be entered into Distribution phase.

Today, Frontkn plotted a Hanging Man with long wick at bottom candle stick; the price will make a reversal to upward trend tomorrow and next week. By the way, next two o r three weeks June Quarter report will be released soon.

In Manipulation phase, Big investor or Market Maker attempt to lure or tempt majority retail investors to convert most of their warrants to shares with almost liquidity traps or inducements

Today, Frontkn plot a Spinning Top candle stick; a Doji candle stick potentially will be plotted.

Price of Frontkn seem to enter into Manipulation zone from initial Pullback or Accumulation zone until movement into Distribution and then Frontkn initiate a Bullish order flow.

Price of Frontkn broke out from upper boundary of Bullish Pennant Pattern with a big Marubozu candle stick and onward of trading days, Frontkn will persist break of higher price structure and creating higher high and higher low.

PE ratio is growth rate; Amway is under consumer category and different market structure. Growth rate is almost stagnant.

It tries to reduce volatility or consolidation of bullish Pennant pattern and preparation for technical Breakout of upper boundary. Currently, it is in small range of Pullback.

Redtone was consolidation with dragon-fry and neutral doji and then technical breakout of upper boundary of bullish falling wadges with two marubozu candle sticks; it will strongly propels to higher value.

Bullish falling wedges initiate consolidation, it will perform breakout soon.

Bullish Pennant pattern initiate consolidation, it will perform breakout soon.

FYI : KESM share price-RM7.80; EPS:3.44; PE:226.74. Unisem share price-RM4.30; EPS:4.89; PE:87.93. Vitrox share price- RM4.68; EPS: 5.95; PE:76.81. Whereas Frontkn share price-RM4.68; EPS:7.49; PE:62.45

It tries to plot continuation of Bullish falling wedges recently.

It tries to plot continuation of falling wedges recently.

It tries to plot continuation of Bullish Pennant recently.

FYI : Unisem share price-RM4.37; EPS:4.89 ; PE:89.37. Vitrox share price-RM4.60; EPS:5.95; PE:77.31. whereas Frontkn share price-RM4.48; EPS:7.49 ; PE:59.78.

RM4.86 is one of the obstacle and follows by RM5.01 another obstacle to be circumvented.

RM4.86 is another obstacle to be circumvent.

Share price of REDTONE had hit RM2.50 before, when it initially listed.

It will perpetually move side-way for another 2 to 3 trading days to make up THE RIGHT SHOULDER, then after share price will strongly propel to higher value.

It plotted a dragon-fry doji, so hopefully next week share price will appreciate.

It tries to plot Inverse HEAD and SHOULDER candle stick graph recently.

It plots CUP and HANDLE candle sticks graph, so hopefully starts to ascend soon.

Starlink is for Tesla autonomous driving electrical vehicle or car which need AI chips to do self driving.

RM14 million profits for March Quarter can propel to higher value but still going side way

PE:60 at RM4.49 another obsticle or resistance. hopefully will break fast.

After 1st quarter 2024 profits of RM30 millions, earning per share (EPS) move from 7.04 to 7.49

PE=56 is RM4.19 which encounter another resistance

Why numerous technological companies can violate PE:55 and proceed to reach more than PE:55 in their value elevation.

Frontkn PE: 54.52 can not cross RM 3.9 which is PE: 55 whereas Vitrox PE: 57.18 and Unisem
PE: 77.46

support at RM0.93 it trys to make double bottom before ascending

wallstreetrookieNEW - you know nuts and talk nonsense. Share price does not depend on intrinsic value but Share price depend on profit of company per quarter or Earning per share; if EPS is high, Share price must fellow to appriciate to higher value.