RHB Retail Research
Technical Analysis - Frontken Corporation
Frontken Corporation may move higher after it tested the MYR0.72 support recently. Given that it has formed a positive candle for the second consecutive day, the positive sentiment has been enhanced. A bullish bias may appear above the MYR0.80 level, with an exit set below the MYR0.72 threshold. Towards the upside, the near-term resistance is at MYR0.90. This is followed by the MYR0.995 level.
Source: RHB Securities Research - 1 Nov 2018
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