RHB Retail Research
Trading Stocks - Frontken Corporation
Frontken may rebound higher after forming a bullish "Piercing Line" pattern in its latest trade. With the 55-day SMA line pointing upwards, this implies a positive outlook. A bullish bias may appear above the MYR1.50 level, with an exit set below the MYR1.43 threshold. Towards the upside, the near-term resistance is at MYR1.62. This is followed by the MYR1.71 level.
Source: RHB Securities Research - 7 Aug 2019
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