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AmInvest Research Reports

Author: AmInvest   |   Latest post: Wed, 22 Jan 2020, 12:34 PM

 

Stocks on Radar - Frontken Corporation (0128)

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Frontken Corporation leapt above the resistance price of RM2.17 in the latest session. With the momentum indicator RSI above 70%, it may continue to move towards the near-term target price of RM2.25 followed by RM2.30. On the downside, the support price is anticipated at RM2.09, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on continuation above RM2.17
Target: RM2.25, RM2.30 (time frame: 3-6 weeks)
Exit: RM2.09

Source: AmInvest Research - 13 Dec 2019

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Labels: FRONTKN

Related Stocks

Chart Stock Name Last Change Volume 
FRONTKN 2.60 +0.12 (4.84%) 7,358,500 

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