RHB Retail Research
Trading Stocks - Frontken Corporation
Frontken Corporation may rise higher after it breached above the MYR1.60 threshold. As the stock rose above the 21-day SMA line, this has enhanced the buying momentum. A positive bias may emerge above the MYR1.60 level, with an exit set below the MYR1.51 threshold. Towards the upside, the immediate resistance is at the MYR1.70 level. This is followed by the MYR1.80 level.
Source: RHB Securities Research - 20 Aug 2019
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