Frontken Corporation was testing the RM0.875 level in its latest session. With a healthy RSI level, it may move higher above this mark with a target price of RM0.935, followed by RM0.965. Meanwhile, it may drift sideways if it fails to cross the RM0.875 mark in the near term. In this case, support is anticipated at RM0.825, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on uptrend continuation above RM0.875

Target: RM0.935, RM0.965 (time frame: 3-6 weeks)

Exit: RM0.825

Source: AmInvest Research - 15 Oct 2018