RHB Retail Research
Technical Analysis - Frontken Corporation
Frontken may rise higher after recording a white candle for a third consecutive day. This can be viewed as a continuation of the bulls extending the rebound from 18 Dec’s “Hammer” pattern. A bullish bias may appear above the MYR0.70 level, with an exit set below the MYR0.575 threshold. Towards the upside, the near-term resistance is at MYR0.78. This is followed by the MYR0.85 level.
Source: RHB Securities Research - 21 Dec 2018
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