Frontkn Corporation has been consolidating sideways during the last few sessions, with an immediate resistance price of RM1.43. With a rising RSI above 50%, it may break the resistance level and move towards RM1.58 followed by RM1.70. If it fails to do so, downside support 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 - 25 Jun 2019