Frontken Corporation formed a long white candle, indicating that the momentum of buying could be strong. Yesterday’s close has sent the stock to its new 52-week high, thereby enhancing the bullish sentiment. A bullish bias may appear above the MYR1.16 level, with an exit set below the MYR1.03 threshold. Towards the upside, the near-term resistance is at MYR1.30. This is followed by the MYR1.40 level.

Source: RHB Securities Research - 11 Apr 2019