AmInvest Research Reports

Stock on Radar - Frontken Corporation

AmInvest
Publish date: Fri, 23 Feb 2024, 10:43 AM
AmInvest
0 9,382
An official blog in I3investor to publish research reports provided by AmInvest research team.

All materials published here are prepared by AmInvest. For latest offers on AmInvest trading products and news, please refer to: https://www.aminvest.com/eng/Pages/home.aspx

Tel: +603 2036 1800 / +603 2032 2888
Fax: +603 2031 5210
Email: enquiries@aminvest.com

Office Hours
Monday to Thursday: 8:45am – 5:45pm
Friday: 8:45am – 5:00pm
(GMT +08:00 Malaysia)

Frontken Corporation may trend higher after it broke above the RM3.60 resistance and hit a new 52-week high yesterday. Given that the stock has broken out from a 6-week bullish rectangle pattern, the resumption of its previous uptrend may be taking place now. A bullish bias may emerge above the RM3.60 level with stop-loss set at RM3.38, below the 50-day EMA. Towards the upside, near-term resistance level is seen at RM4.00, followed by RM4.20

Entry : RM3.60–3.74

Target : RM4.00, RM4.20

Exit : RM3.38

Source: AmInvest Research - 23 Feb 2024

Related Stocks
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment