Join Dstockmarket's Community - Daily Market Analysis, Individual Stock Analysis.
Technical outlook for Frontken's stock price and stock chart.
When we look at the stock chart above we can see that Frontken is indeed in a very nice daily uptrend. It is making higher highs and higher lows.
When a stock is in an uptrend, it tends to go higher and therefore they often present trading opportunities which one should be on the lookout.
Not a bad idea to keep all stocks that are in an uptrend in a watchlist.
Notice how Frontken has been staying above the rising daily 50 MA for a long time and has not fallen below it. Therefore we should employ this moving average as a trend following tool.
So as long as Frontken stays above this 50 MA we should be bullish on it.
Note also that the rising 200 MA points to a long term bullishness in this stock.
Weekly chart above also shows how this stock is doing. It is in a strong weekly uptrend. Therefore, it is likely that the long term movement for this stock is still up.
One should stay bullish on this stock as long as it stays above the weekly 20 MA.
Recently the stock gave a trading opportunity in the 60 min chart. It found support at the 60 min 200 MA. It also broke above a downtrend line as well as a 60 min triangle.
Jan 17, 20 08:05 AM
Here are the analysis that I do on the KLCI for the month of January 2020. I update them almost everyday so do come back and press the refresh button.
Jan 17, 20 08:04 AM
In this page, you will find my analysis on the US stock market for the month of January 2020. I update it almost everyday.
Jan 16, 20 06:39 AM
If you ask any successful trader, they will tell you that they have a trading strategy and they follow it very well.
Jan 02, 20 11:01 AM
Welcome to a new series on the art of trading. The year 2020 should be a game changing year for you. If you are interested in the world of trading...
Dec 30, 19 09:23 AM
In this page, we will have a look at the US stock market and analyze where the SPX might be going.