FRONTKN

Sector: Technology

Analysed on 15/08/2021

FRONTKN share price is on uptrend since mid-May after its retracement. The uptrend is further confirmed by the formation of Golden Cross (EMA25/EMA50) on July. FRONKTN is closed at RM 3.27 on last Friday with a daily retracement in price by 4.1%. The retracement on last Friday could be due to political instability and profit taking by traders. Currently, FRONKTN is well supported by EMA25. Since its EMA25/EMA50 are still trending upwards, the uptrend is still intact. However, in view that the current market is extremely volatile, investors are advised to exercise cautiously should FRONKTN drops below EMA50.

Reason to Monitor: Retracement to Support Level.

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