Frontken Corporation crossed above the RM0.935 level to mark a new high. With a healthy RSI level, a bullish bias may be present above this point with a target price of RM1.00, followed by RM1.09. Meanwhile, it may continue sideways if it falls back below the RM0.935 mark in the near term. In this case, support is anticipated at RM0.875 whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on further uptrend above RM0.935

Target: RM1.00, RM1.09 (time frame: 3-6 weeks)

Exit: RM0.875

Source: AmInvest Research - 18 Oct 2018