The disappointing case of Frencken (SGX:E28). Profit +1.60%

Well, it can be quite disheartening to see the stock you bought went up nearly 35% only to see the profit fizzles and you are back close to your entry price. It happened to a stock I bought recently - Frencken (SGX:E28). I entered on 20th Jul at 0.935. It was in a strong uptrend and there was so much potential in this stock (chart-wise). The price soared to 1.25 in less than a month, equivalent to an unrealized gain of 35%. I was hoping for another Medtecs (SGX:546) which was sold for a profit of +130.91%. However, the next moment, it came crashing down pretty quickly towards my entry price. In the end, it was sold on 28th Aug at 0.95 for a gain of merely +1.60%. 

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I'm not sure what caused the price to drop suddenly (I don't look at fundamentals). All I know is once the trend has reversed, it is time to sell and move on. No point going against the trend, that's the rule of a trend following strategy. 

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