RHB Retail Research
Technical Analysis - Frontken Corporation
Frontken may climb higher after forming a long white candle and hitting its new 52-week high. With the 21-day SMA line edging upwards, this also implies a positive outlook sentiment. A bullish bias may emerge above the MYR0.89 level, with an exit set below the MYR0.80 threshold. Towards the upside, the immediate resistance is at MYR1.00. This is followed by the MYR1.10 level.
Source: RHB Securities Research - 7 Sept 2018
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