Frontken Corporation consolidated and touched the RM3.25 support level. With its 21-day moving average indicator trending upwards, there is a good chance that it would experience a technical rebound and head towards the short-term target price of RM3.39, followed by RM3.50. The downside support is marked at RM3.06. Traders are advised to exit on a breach to avoid further losses.
Trading Call: Buy on pullback RM3.25
Target: RM3.39, RM3.50 (time frame: 2–4 weeks)
Exit: RM3.06
Source: AmInvest Research - 26 Jul 2021
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Created by AmInvest | Jul 26, 2024