FALKEN INDUSTRIES LTD (OTC : FLKI) Setting Up For It's Next Move
I was studying the Falken Industries Ltd (OTC : FLKI) press and information on Friday, and noticed a pattern setting up that could be very exciting for today's and future shareholders who want to make money.
On the fundamental side, this company is absurdly undervalued in my view, and this is one stock that could participate in a big way if the market scampers higher in the seasonally strong fourth quarter.
As I chronicled in my first edition on the company, a clearer picture of the company's earnings power is emerging. The pro-formas I drew were eye popping, and suggest this stock has a long way to go to the upside. As the stock price appreciates, bigger and bigger players will take notice.
Consider the quarter over quarter growth. At last count, a 28% improvement in just three months!!! Know any other US companies growing at that rate? Amazing.
Stocks tend to make 90% of the big moves in 10% of the time they trade, and this stock appears to be setting up for a big surge on an immediate basis from the 50 c to 85 c levels.
The stock is in a clear uptrend. It's starting to work higher right off a perfect 38.2% fibonacci retracement of the big 10 day surge.
There's several pretty strong technical indications that this stock wants to work higher, and then explode. If we weren't looking at September just around the corner, it would be a slam dunk.
September can be a seasonally treacherous month for the markets, but the way things have been the last few years, who knows what will happen.
FLKI is a phenomenal opportunity on the growth of a "crisis" proof company. In my view, assuming no massive melt down in the markets - this is $1.50 to $2 by year's end give or take a month or two.
Wonder why everyone's talking about FLKI in the financial media? It's not complicated, the company's operations are simply the most robust in its industry, and the growth is simply outstripping all of its competitors.
John David one of the nation’s most respected expert analyst on the Automobile After-Market Industry holds FLKI as a global leaser in the consumer, professional and industrial chemical, wipe, wet wipe and car and vehicular care industries.
Falken Industries Ltd OTC : FLKI is a diversified industrial conglomerate that operates in Chemicals, Wet Wipe and Biodegradable Technology. Falken Industries Ltd is the concept behind more than 160 products distributed through a network of global platforms and the recipient of trade awards for innovations, biodegradability and environmental and health quality standards.
