RHB Retail Research
Trading Stocks - Frontken Corporation
Frontken may rise higher after it breached above the MYR0.80 threshold. As the 21-day SMA line is likely to turn higher, it would appear that the bullish sentiment has been enhanced. A bullish bias may appear above the MYR0.80 level, with an exit set below the MYR0.75 threshold. Towards the upside, the near-term resistance is at MYR0.885. This is followed by the MYR0.94 level.
Source: RHB Securities Research - 31 Jan 2019
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