Frontken Corporation may soon test the RM1.43 resistance level and challenge the all-time high level. With an RSI level above 60%, a bullish bias may be present above this mark with a short-term targets levels of RM1.58 and RM1.70. In this case, the immediate support level is anticipated at RM1.31, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM1.43

Target: RM1.58, RM1.70 (time frame: 3-6 weeks)

Exit: RM1.31

Source: AmInvest Research - 16 May 2019