Monday, January 29, 2018

Frencken: Still pushing higher towards target... Price 0.67. System says?

Just last week, we spotted some actions with Frencken breaching the key 0.600 level…

Has traded below for about 3 months and finally some actions came back…. 

See what was the target as drawn last week below.

Uptrend was pretty much intact with it attempting to push higher….

Over the past few days, we have still seen more strength with buyers coming back and even the 0.65 temp resistance gave way too…

There may be more upside towards target as drawn as long as 0.65 holds now….

Target may be revised higher on more specific price action… ;)

More importantly, we are still NOT seeing any exits on the PTI System…

As seen below, we have some entry and exits for Frencken last year but just recently…

On 11 JAN 2018, we have a new BULLISH entry signal with Entry Price at 0.575….

Will be seeing when it comes out…  For now, 0.700 on tracked….

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