As I am writing this post @ 11.50 am, Frontkn just moved 26.5 to 27c...from the chart Frontkn has been forming a double base bottom ...a bullish chart pattern ...see chart above ....and according to this double base theory the stock will be a genuine move up when the resistance/top of this double base at 28.5c is broken with volume...as momentum traders chase the stock ....so short-term traders can buy at 29c ...target 33c (I hope so) ... the caveat is that there must be the big volume to follow the stock and market breath is good...IF NOT ..the chart pattern will fail ...cut loss below 25c support ...Trade at own risk!
Disclaimer: I own some Frontkn shares, bot at 27.5c last week.
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