RHB Retail Research
Technical Analysis - Frontken Corporation
Frontken Corporation
Frontken may rise higher after it formed a second consecutive white candle. Yesterday’s close sent the stock to its new 52- week high, thereby enhancing the bullish sentiment. A bullish bias may emerge above the MYR0.51 level, with an exit set below the MYR0.465 threshold. Towards the upside, the immediate resistance is at MYR0.55. This is followed by the MYR0.60 level.
Source: RHB Securities Research - 25 Jul 2018
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