Frontken Corporation was testing the RM1.98 level during its intraday high. With a rising RSI, it may climb above this mark with a target price of RM2.07, followed by RM2.18. Meanwhile, it may drift sideways if it fails to cross the RM1.98 mark in the near term. In this case, support is anticipated at RM1.83, whereby traders may exit on a breach to avoid the risk of a further correction
Trading Call: Buy upon breakout above RM1.98
Target: RM2.07, RM2.18 (time frame: 3-6 weeks)
Exit: RM1.83
Source: AmInvest Research - 22 Nov 2019
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