(Updates) Frencken- Slow and Steady wins the game
Frencken has been rising slowly and steadily and today it broke out of resistance at $0.59. We have been covering Frencken for sometime and managed to catch its short term bottom at $0.56.
Previous post on Frencken:
We believe that this counter is in the right sector and its FA is pretty good (A separate post would be done on this) Given the breakout, next price points could be at:
1st Resistance:$0.635
2nd Resistance:$0.655
Support:$0.58-$0.59
This is NOT a BUY or SELL call. Please DYDD
Note: If it clears $0.655, it would a new all time high and there is no resistance above.
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