RHB Retail Research
Trading Stocks - Frontken Corporation
Frontken Corporation was testing the MYR1.98 threshold in recent sessions. A bullish bias may be present above this point, with a target price of MYR2.15, followed by MYR2.30. The stock may take a breather if it cannot breach above the MYR1.98 mark decisively in the coming sessions. Support may be found at MYR1.85, where traders can exit upon a breach to limit the downside risk.
Source: RHB Securities Research - 22 Nov 2019
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