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.
frontkn wb brings memories of gamuda wb, when gamuda first started becoming a big company. Likewise the past few days big sellers of wb came out, pressing down wb price. Watch wb take off soon even if the mother does not move much.
For the first time we see someone converting frontkn wb into frontkn shares. Obviously it is not epf becoz epf does not buy warrants. It is some other big investor because it involves 525,000 shares.
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.
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.
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.
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 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.
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.
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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....
Goodwill5
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Posted by Goodwill5 > 1 month ago | Report Abuse
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.