Frontkn is clearly a long term uptrend stock but due to the crash, it has gone sideways... If the support of 3.38 holds, it should be okay, can test it's previous high and if break that = all time high breakout
Red = downtrend Yellow = consolidating Green = uptrend I think the uptrend is starting. Immediate support at RM4.6 area. 1st resistance around RM4.765 2nd resistance around RM4.925
Flag breakout spotted. Not really a strong breakout, need to observe the sentiment on next Tuesday. Nevertheless, I don't think it's a false breakout. Likely to test it's previous high
If the support of around RM3.3 still holds strong, likely will have a flag breakout
Elliot wave theory: Wave 4 should end in the coming week as 'super investors' like KYY have starting accumulating around the current price. Investors that failed to sell at the peak of wave 3 must ensure that they sell at the peak of wave 5 and buy back at correction
Elliot's wave theory: Wave 4 should end when the gap is filled around RM23, then we will see wavee 5 coming. Investors must make sure they sell at the peak of wave 5 and buy back lower during corrections.
From past trends, likely to bounce upwards. That said, there's still a possibility of it filling the gap first
At 0.95 resistance, hopefully will have enough momentum tomorrow or next week for 0.95 to be a support. Next resistance at 0.105
Touched on the resistance at 0.93, highly likely going to fill the gap where the resistance is 1.025 in approximately 1 weeks time
Churning around 0.24-0.255 at the moment, next resistance at 0.28