RHB Retail Research

Author: rhboskres   |   Latest post: Fri, 13 Sep 2019, 5:22 PM


Technical Analysis - Frontken Corporation

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Frontken Corporation may climb higher after forming a long white candle and leaving an upside gap. Yesterday’s candle has sent the stock to its new 52-week high, thereby enhancing the bullish sentiment. A bullish bias may emerge above the MYR0.90 level, with an exit set below the MYR0.835 threshold. Towards the upside, the immediate resistance is at MYR1.00. This is followed by the MYR1.10 level.

Source: RHB Securities Research - 18 Oct 2018

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