RHB Retail Research
Trading Stocks - Frontken Corporation
Frontken was testing the MYR1.93 threshold in recent sessions. A bullish bias may be present above this point, with a target price of MYR2.00, followed by MYR2.10. The stock may consolidate further if it cannot breach above the MYR1.93 threshold in the coming sessions. Support may be found at MYR1.82, where traders can exit upon a breach to minimise the downside risk.
Source: RHB Securities Research - 4 Nov 2019
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