FRONTKN (Not Rated)

• FRONTKN gained 6.0 sen (+6.06%) to close at RM1.05 last night.
• Yesterday’s move saw it broke above the RM1.00 psychological resistance level, backed by strong trading volume.
• Technical indicators are looking bullish and we believe that there could be more upside in the short-term.
• Expect the share to rally to its next resistance at RM1.10 (R1) and even RM1.15 (R2)
• Conversely, downside supports can be found at RM0.900 (S1) and RM0.850.

GCB (Not Rated)

• Yesterday, GCB gained 15.0 sen (4.24%) to close at RM3.69.
• Chart-wise, the share is showing positive momentum as evidenced by key moving averages in “Golden Cross” with yesterday’s move marking the share pierced through 20-day SMA.
• Technical indicators appear improving, we reckon its upward trend remains intact.
• Resistance levels to look out for RM3.90 (R1) and RM4.45 (R2).
• Conversely, downside supports are found at RM3.50 (S1) and RM3.30 (S2).

Source: Kenanga Research - 4 Apr 2019