AmInvest Research Reports

Author: AmInvest   |   Latest post: Tue, 21 May 2019, 11:13 AM


Stocks on Radar - Frontken Corporation (0128)

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Frontken Corporation breached the RM0.74 level and the 21- day SMA line in its latest session. With a healthy RSI level, a bullish bias may be present above this point with a target price of RM0.85. Meanwhile, it may turn sideways if it dips back below the RM0.74 mark in the near term. In this case, support is anticipated at RM0.685 whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on further rebound above RM0.74

Target: RM0.85 (time frame: 3-6 weeks)

Exit: RM0.685

Source: AmInvest Research - 9 Jan 2019

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