for higher return, better wait one step lower @ horizontal support line.
if break that line, make sure CL immediately or follow ur awesome trading plan.
for me, the momentum still there and wating for volume to explode
FRONTKN VCP Setup again. This round the base is smaller which around 40 days.
C1: -12%
C2: -4%
C3: -4%
QR released 3 Nov. Fundamental FRONRKN no need to mention much. Awesome prospect. And Tech sector is hot right now.
Disclaimer:
Not a buy call recommendation, just sharing on chart pattern formation based on my personal experience. Trade at your own risk.
price moving in healthy uptrend and currently making a retracement and price showing us that 50% fibo is a immediate support level (3.610) also at mid BB . expecting potential rebound from this level.
im watching for trading opportunity.
In able to understand Volume Contracted Pattern (VCP) as per Mark Minergini inroduced:
1) contracted volatility
2) contracted volume
3) pivot point
4) uptrend previously
The Pattern will be true if Price Breakout the All Time High with volume
If we study the Fundamental Analysis Frontkn is a growing Company included in Technology Sector with good prospect in future.
FRONTKN VCP with below contraction:
C1: -30%
C2: -11%
C3: -10%
C4: <-5%
Monitor if can a pivot point form at this region or not. Low risk entry zone.
Fundamental wise Net cash company.
Disclaimer:
Not a buy call, just sharing on chart pattern and technical analysis. Trade at your own list.
The recent trade showed the price was closed above MA20. Based on the previous 6 months trade, FRONTKEN will tend to do Break Out (BO) from the Bollinger Bands.
R 3.46
S 3.245
This stock with momentum is generated using a FIFO B signal with a build-up in trading volume and price.
This is not a buy or sell recommendation. It merely tells you which this stock is seeing higher potential to move uptrend with relatively strong momentum.
The share price may move up or down from this point. Note also that momentum generally only persists for...
