RHB Retail Research
Trading Stocks - Frontken Corporation
Frontken may climb higher after forming a long white candle and hitting its new 52-week high. In view that the 21-day SMA line is likely to begin turning upwards, this also implies a positive outlook sentiment. A bullish bias may emerge above the MYR1.01 level, with an exit set below the MYR0.92 threshold. Towards the upside, the immediate resistance is at MYR1.10. This is followed by the MYR1.20 level.
Source: RHB Securities Research - 4 Apr 2019
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