Chart Source: Poemsview 17th Feb 2020
Frencken was a stock that we just blogged on last Wednesday and in a matter of a few days has risen 4.5% !
From our previous post we mentioned that Frencken was lagging behind the AEM, UMS which had a good run. It was finally Frencken’s turn to shine and shine it did. On a lacklustre monday, we saw some nice upwards movement for Frencken. Using technical analysis drawn on our chart we can see that it has hit our first resistance so some pullback might be expected. If it can overcome this resistance we might see it move higher to our upper trendline.
Drop us a message if you like to know more about Frencken.