RHB Retail Research
Trading Stocks - Frontken Corporation
Frontken may rebound further after it tested the MYR0.70 support in recent session. As the stock rose above the 21-day SMA line, this indicates a positive sign. A bullish bias may appear above the MYR0.75 level, with an exit set below the MYR0.70 threshold. Towards the upside, the near-term resistance is at MYR0.85. This is followed by the MYR0.89 level.
Source: RHB Securities Research - 25 Jan 2019
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