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Frontkn : Uptrend continuing (part 5)

MrWealthy4321
Publish date: Fri, 24 Jul 2015, 11:48 AM
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This is Frontkn 3 months chart as at yesterday 23/7, at 27 cents, which is nothing to shout about as it has been moving between 24.5-28 cents for many weeks.
 
But look closer and maybe at a longer 6 months period you notice the highs and lows are seeming to come together.
 
 
It is no longer forming a base pattern but instead forming a symmetrical triangle pattern, another continuing pattern. Looking at the triangle, the price is already breaking slowly on the UPSIDE. Things are moving at a snail pace because of the big (purchasing) volumes generated of the stock during the rallies over the past few months (see chart below)
 
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

This stock I strongly believe, in order to rally, need the big vol as in the past (see vol chart above). Of course, market need to be okay too for these types of stock.

 

Cheers!

 

Discussions
1 person likes this. Showing 1 of 1 comments

cariayam

TQVM

2015-07-24 22:13

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