Frontken Corporation inched above the RM0.895 level in its latest session. With a moderate RSI level, it may trend higher above this point with a target price of RM0.96, followed by RM1.00. Meanwhile, it may continue trending sideways if it falls back below the RM0.895 mark in the near term. In this case, support is anticipated at RM0.835, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on uptrend continuation above RM0.895

Target: RM0.96, RM1.00 (time frame: 3-6 weeks)

Exit: RM0.835

Source: AmInvest Research - 26 Sept 2018