RHB Retail Research
Technical Analysis - Frontken Corp
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Frontken Corp may move higher after it continued holding above the MYR0.43 support. Given that the stock has breached above the downtrend line drawn in the chart, this has enhanced the positive sentiment. A bullish bias may appear above the MYR0.46 level, with an exit set below the MYR0.43 threshold. Towards the upside, the near-term resistance is at MYR0.495. This is followed by the MYR0.525 level.
Source: RHB Securities Research - 13 Jun 2018
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