Frontkn has entered into consolidation or Accumulation Phase or retracement of Wave#2 of Pennant Pattern which plotted upper boundary being longer than lower boundary ; that signify after breaking upper boundary, the trend will continuously ascend into Wave#3 which is the longest wave among the Five Waves pattern.

Frontkn plotted Three White Solders candle sticks pattern which signify that the ascending trend will continue in coming weeks to break resistance of RM4.37 or PE ratio 54, if high volume transaction permit.

Velesto plotted double bottom candle sticks pattern between 9th September 2024 and 15th November 2024 and will reverse to ascend trend after breaking out of upper boundary of consolidation or Accumulation Phase recently.

Today Redtone plotted a Long Wick Hammer candle stick which signify that the trend will continuously ascend in coming weeks.

Today Frontkn plotted Three Line Strike of four candles sticks pattern and made a breakout upper boundary RM3.96 of FLAG pattern with powerful momentum candle stick. The trend will continuously ascend in coming weeks.

Frontkn had entered into Accumulation Phase or Flag pattern and wait for breakout from upper boundary of Flag pattern RM3.96 if high volume transaction permit.

Today, Redtone plotted a Dragon-fry Doji candle stick pattern which signify that ascending trend will continue in coming weeks until breakout resistance price structure set of RM1.25 by RHB.

Today Frontkn plotted Bullish Abandoned Baby of three candle sticks pattern which signify that trend will be continuously ascended in coming weeks. TP RM6.00 will not be achievable cause PE ratio will be as high as 74.25 with the recent profit of RM35.323 million and September Quarter supposedly be RM48 million that allowable PE ratio is 50. If market allows Frontkn to move PE ratio to 65 and then the target price will be RM5.25.

Today Redtone plotted Morning Star of Three candle sticks pattern signify that trend will continuously ascend in coming weeks and also September Quarter report will be released from 15th November to 25th November 2024.

Redtone plotted a Hanging Man candle stick and close above upper half of neutral Doji of previous candle stick which signify that the trend will make continuation to ascend after the retracement.

Frontkn plotted another Harami pair candle stick signify that trend will be continuously ascended to break price structure.

Torday, Velesto plotted a pair of Bottom Tweezers candle stick which signify trend will be reversed to ascend and make breakout resistance of RM0.25.

Frontkn plotted a Hammer candle stick pattern which signify to ascend continuously and breakout resistance RM3.96 in coming endeavor.

Redtone plotted Engulfing pair candle sticks pattern; Trend will be reversed to ascend to 15th July 2024 price high RM1.17 and break out resistance RM1.25 given by RHB.

Hopefully, the ascending trend will break the price structure and reach the target price of RM5.20 as suggested by Philip capital. Quarter report of September 2024 will be released between 14th October and 3rd of November 2024.

Today Frontkn plotted Harami pair candle sticks pattern; The trend will be reversed to ascend.

Recently, Frontkn plotted Three Black Crows candle sticks pattern waiting tomorrow whether Frontkn can plot Three Line Strike candle sticks pattern; and then Trend will be reversal. Hope for the best to happen.

Tuesday, 17th September 2024, Aminvest provide Frontkn Fair Value of RM5.01 cause work for TSMC. Fair Value is almost near to target price of RM6.00

Frontkn starts to make Bullish Liquidity Run upward after plotting Double Bottom Candle Sticks Pattern and recent quarter profit of RM 33+million; Investment Bank Philip Capital provide target price of RM6.00 can be achieved.

I am also one of retail investor but belief in EPF; EPF bought majority of shares from MR Ooi at around RM3.50 and so bound to make some Liquidity collection before engaging in next level of Bullish Order Flow; possibility of Break Of Structure and new Higher High of price.

Bearish momentum is shrunk; Bullish momentum will be started soon and Frontkn plotted a Double Bottoms candle sticks pattern; Coming days Bullish Order Flow will begin soon; remember that majority shareholder EPF investment Division will not let Frontkn down.

Frontkn plots Double Bottom candle sticks pattern; trend reversal of price structure would be happened soon. That is Liquidity Run in upward direction is occurred any time.

June 2024 quarter show that profit is RM33.334 millions and if every quarter consistently earns that amount for 12 months, the annual profits will be RM133.336 millions. Number of shares is 1589 millions; Earning per share or EPS is 8.39; Philip Capital provide PE ratio of 70; price of Frontkn will be 0.0839 x 70=RM5.87.

Frontkn make a price indication that new higher high price will be RM5.47 recently.

Price structure of Frontkn plotted a bearish Marubozu candle stick and following candle stick will shrink the Bearish Momentum.

Price structure of Redtone plotted a Hanging Man candle stick with very long wick at the bottom which signify that Bearish Momentum was shrunk or reduced and perhaps price structure entered into Accumulation Phase or consolidation.

Velesto plotted morning star candle sticks pattern which signify that the reversal trend will be started soon

Number of shares is 8216 millions; If profit per quarter is RM60 millions, profit for one year will be RM240 millions. EPS will be 2.92 cents, Dialog PE ratio is almost 25x; Price structure for Velesto will be RM 0.0292 x 22=RM0.64

Price of Velesto hit Double Tops at price RM0.315; From that resistance of RM0.315, price structure started Liquidity Run downward or downtrend until now price structure is in consolidation with a Flag Pattern waiting to make a breakout thr ough upper boundary of Flag Pattern; base on the consistency of RM 60 million profit per quarter for 12 months, the price structure will achieve RM0.64 in coming months.

Conversely, if mother share price is RM6.00; price of warrant would be RM2.00 (mother share price minus execise price of RM4.00).

Price of warrant equal to mother share price minus exercise price of RM4.00 and must be equal to Premium of RM 0.50. Price of warrant would be high, if Demand (Buy) is more than Supply (sell).

Mr Ooi probably work for RHB Inv estment Bank; Majority of his shares sold to EPF Investment Division and perhaps currently he is minority shareholder.

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.