Frontken Corporation broke past the RM3.01 resistance level. During its last two sessions, we saw it forming bullish white candles with higher trading volume, we believe that it will continue travels towards the next technical target prices of RM3.52 followed by RM3.98. In this case, the downside support is marked at RM2.78, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on pullback RM3.01

Target: RM3.52, RM3.98 (time frame: 2-4 weeks)

Exit: RM2.78

Source: AmInvest Research - 13 Jul 2020