Frencken    Last:2.92    -0.08

New phases new horizons, aim $3 by 2022

AEM is up probably because Intel is building a new S$9.7b plant in Penang and Intel is also AEM' s main customer.

Source:  https://www.straitstimes.com/asia/se-asia/intel-to-invest-s97b-in-manufacturing-plant-in-malaysia
 

fishphage      ( Date: 14-Dec-2021 16:21) Posted: if you put the recent chart of frencken with aem, they are mirror images. rsi for AEM is currently high and today' s green volume is also high. so I am thinking that semicon bulls of frencken got impatient with frencken' s sell-off from 2.52 ATH to switch to AEM. but this switch just goes to inflating the AEM bubble. price action looks like hitting a plateau from the run up. AEM may burst soon. so i think comparing just AEM and frencken if one is still bullish on semicond plays, frencken is a safer bet in my opinion.    jlong0005      ( Date: 14-Dec-2021 16:11) Posted: I can' t find any reason for the sell down. Only possibilty is the funds sell Frencken to buy AEM. If so, the downtrench will not be long. Hopefully, support at 1.88 can hold.

 

A lot people unhappy due to unreason sell down but for me its an opportunity to grab cheap

 

it really makes no sense for frencken to selldown in this manner.. if compare apple to apple.. both profit margins falls within the same range.. but frencken is only valued at half of AEM at todays price.. god knows what is happening.. stock always has no logic.. 

fishphage      ( Date: 14-Dec-2021 16:21) Posted: if you put the recent chart of frencken with aem, they are mirror images. rsi for AEM is currently high and today' s green volume is also high. so I am thinking that semicon bulls of frencken got impatient with frencken' s sell-off from 2.52 ATH to switch to AEM. but this switch just goes to inflating the AEM bubble. price action looks like hitting a plateau from the run up. AEM may burst soon. so i think comparing just AEM and frencken if one is still bullish on semicond plays, frencken is a safer bet in my opinion.    jlong0005      ( Date: 14-Dec-2021 16:11) Posted: I can' t find any reason for the sell down. Only possibilty is the funds sell Frencken to buy AEM. If so, the downtrench will not be long. Hopefully, support at 1.88 can hold.

 

Unless drop $1plus,drop 0.1 plus is normal

easywin      ( Date: 14-Dec-2021 16:50) Posted: Price down so much sgx no query?

 

Normal buy and sell.

 

Price down so much sgx no query?

 

if you put the recent chart of frencken with aem, they are mirror images. rsi for AEM is currently high and today' s green volume is also high. so I am thinking that semicon bulls of frencken got impatient with frencken' s sell-off from 2.52 ATH to switch to AEM. but this switch just goes to inflating the AEM bubble. price action looks like hitting a plateau from the run up. AEM may burst soon. so i think comparing just AEM and frencken if one is still bullish on semicond plays, frencken is a safer bet in my opinion.   

jlong0005      ( Date: 14-Dec-2021 16:11) Posted: I can' t find any reason for the sell down. Only possibilty is the funds sell Frencken to buy AEM. If so, the downtrench will not be long. Hopefully, support at 1.88 can hold.

 

I can' t find any reason for the sell down. Only possibilty is the funds sell Frencken to buy AEM. If so, the downtrench will not be long. Hopefully, support at 1.88 can hold.

 

traderben, i am queuing at 1.90 200MA with a nimble. next nimble is 1.70. next nimble is 1.50.. frencken is a better business than UMS in my own deepdive. AEM suffers from customer concentration. Intel is an outdated company that has lost precious time to TSM and Samsung. their chips are used in my old Windows 95. All it takes is some Intel crash, AEM will crash alongside. So at this levels, I feel that Frencken is oversold and undervalued. Just hope that the selling is not so painful that I am able to last till Feb 2022 for their next reporting.   

TraderBen      ( Date: 14-Dec-2021 15:34) Posted: tempted to go in at the 200MA support.. what u guys think?

 

tempted to go in at the 200MA support.. what u guys think?

 

this type of selling no joke..

wehuattogether88      ( Date: 14-Dec-2021 14:54) Posted: I think Frencken TPs being downgraded by institutions or banks. Drop like waterfalls.

 

I think Frencken TPs being downgraded by institutions or banks.
Drop like waterfalls.

 

I will for 30% correction from the ATH of around 2.50. That will be at a price level of 1.75 and below.

 

wanna go in this?

piscesmonkey      ( Date: 14-Dec-2021 14:00) Posted: Drop so much today

 

next reporting is quite a distance away, in Feb 2022. current sell down from $2.5x looks overdone. now RSI is below 30. before today, it did looked like it was reversing. today' s drop killed that possibility. but think it is rotational, investors got impatient with the fall from $2.5x and rotate into AEM. asking myself whether I am short term or long term investor of Frencken. if long term, nimble on the downside. 

 

Opposite direction from AEM.

 

sellers keep forcing non stop..

fishphage      ( Date: 14-Dec-2021 14:06) Posted: approaching 200MA $1.90. queuing at $1.9 for a small nimble. 200MA support breaks. can nimble more. Chip shortage is still ongoing. now more and more tech. got metaverse in the future. still need chips.

 

Might be heading to 1.6x series.. This is looking really bad.

 

approaching 200MA $1.90. queuing at $1.9 for a small nimble. 200MA support breaks. can nimble more. Chip shortage is still ongoing. now more and more tech. got metaverse in the future. still need chips. 

 

Drop so much today