RHB Retail Research
Trading Stocks - Frontken Corporation
Frontken Corp may climb higher after forming a long white candle and hitting its new 52-week high. 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 MYR1.20 level, with an exit set below the MYR1.10 threshold. Towards the upside, the near-term resistance is at MYR1.30. This is followed by the MYR1.40 level.
Source: RHB Securities Research - 18 Apr 2019
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