Frontken Corp consolidated and touched the RM3.62 support level. With its RSI indicator moving upward, coupled with a higher low candle stick pattern, there is a good chance that it would experience a technical breakout and head towards the short-term target price of RM3.80, followed by RM3.94. The downside support is marked at RM3.32. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy near RM3.62

Target: RM3.80, RM3.94 (time frame: 2-4 weeks)

Exit: RM3.32
 

Source: AmInvest Research - 7 Oct 2021