RHB Retail Research
Technical Analysis - Frontken Corporation
Frontken Corporation
Frontken Corporation was testing the MYR0.47 level in recent trades. A bullish bias may be present above this point with a target price of MYR0.495, followed by MYR0.525. The stock may drift sideways if it cannot surpass the MYR0.47 threshold in the coming sessions. Support may be found at MYR0.42, where traders can exit upon a breach to minimize the downside risk.
Source: RHB Securities Research - 12 Jul 2018
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