RHB Retail Research
Trading Stocks - Frontken Corporation
Frontken may climb higher after posting a white candle and leaving an upside gap yesterday. This can be viewed as a continuation of the bulls extending the rebound from 4 Jan’s “Hammer” pattern. A bullish bias may emerge above the MYR0.71 level, with an exit set below the MYR0.665 threshold. Towards the upside, the immediate resistance is at MYR0.80. This is followed by the MYR0.85 level
Source: RHB Securities Research - 8 Jan 2019
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