Business wise, malaysia & singapore ops are improving QoQ, taiwan ops have been steady growing though at a small % pace QoQ, currency exchange of USD to Ringgit also has regained from 4.11 in Sept to now 4.38. With their customers signalling better revenue (Tsmc guided +12.7% next quarter) in the coming quarters, demand is only getting better..
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 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.
TSMC will sure stay in Taiwan bcu unable to relocate to US due to its supporting industries , US will have to support Taiwan or else no <4nm chips for US !
With profits expected to continue growing, I believe we’re in for an exciting year end. Provided the post election rally in the US sustains. Good luck guys !
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.
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.
A Break of structure, with strong volume should see a continuation of the uptrend. This supported by an expected increase in profits for 2025, makes frontkn an exciting investment.
Congrats my followers who bought along with me when Frontkn trading below 4.00… Be informed that I will slowly dispose Frontkn… thank you very much for the huge profits…
Elliott Waves theory is consist of 5 impulsive waves that are wave#1, wave#3, wave#5, wave#a, wave#c, and 3 corrective waves that are wave#2, wave#4, wave#b; By using Fibonacci retracement ratio for length of wave, if length of wave#1 equal to wave#5 and is 100%, then length of wave#3 will be 161.8% of either wave#1 or wave#5 in length; the length of corrective waves of either wave#2 or wave#4 is either 23.6% or 61.8%. Frontkn made breakout resistance of RM4.18 or PE ratio 51.7 with a powerful momentum candle stick and ascend into wave#3 yesterday.
@Goodwill5, what do you think? 4.70 by mid Jan, and maybe 5.00 by mid Feb or Mac. Provided bitcoin, Nasdaq, TSMC, are still holding up there, and there's no massive geopolitical issues.
Frontkn provided some indication that Frontkn can achieve RM5.30 or PE ratio 65.09 with no specifying time frame and even RM5.65 or PE ratio 70 but in doubt RM6 or PE ratio 74.25.
while I'm looking at Frontkn, I also have my eyes keenly on the Tech index, and it's looking poised - detect a little bit of a spring in its movement...like dasher, dancer, prancer...onwards and upwards ! Good luck everybody !
At this moment, the warrant is at a great point to collect. It's flattish with upside bias from here. Even if the mother corrects to about 4.35-4.45, the warrant has no deep downside bias. However, if this mother really moves towards 4.70 and 5.00, it's just upwards from here for the warrant. My two cents.
their plant 2 up n running now supporting TSMC advance technology process. World the only 1 can make all the AI chips that designed by Nvida n their competitors.
TSMC has broken out strongly after 2 and a half months of consolidation/accumulation. If this is replicated by its Malaysian proxy, we’re in for a big push?
Seems like someone starts converting the WA second round. After convert & dispose mother share to market or dispose mother share, bought WA to convert. It will takes awhile to reduce the volume of WA.
''The White House unveiled sweeping new limits on the sale of advanced AI chips by Nvidia Corp. and its peers, leaving the Trump administration to decide how and whether to implement curbs that have encountered fierce industry opposition.
The rules, which are set to take effect in one year, establish caps on the amount of computing power that can be sold to most countries. Businesses in those places can bypass national limits by agreeing to a set of security and human rights standards, US officials said Sunday.
Companies will have a 120-day comment period — which is exceptionally long — to give the Trump administration time to get settled in and make changes to the rule after consulting with industry and other countries, Commerce Secretary Gina Raimondo told reporters ahead of the release.
Raimondo stressed that the Biden administration sought to strike a balance between protecting national security and allowing trade in chips to continue. Supply chain activities and gaming chips are excluded from the new curbs, she added. And Washington will waive licensing for the sale of chips with low collective computing power, such as to universities and research institutes.'' source: https://www.bloomberg.com/news/articles/2025-01-13/white-house-unveils-new-curbs-on-exporting-nvidia-ai-chips?srnd=phx-technology
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
tahansan
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Business wise, malaysia & singapore ops are improving QoQ, taiwan ops have been steady growing though at a small % pace QoQ, currency exchange of USD to Ringgit also has regained from 4.11 in Sept to now 4.38. With their customers signalling better revenue (Tsmc guided +12.7% next quarter) in the coming quarters, demand is only getting better..