RHB Retail Research
Trading Stocks - Frontken Corporation
Frontken may trend higher after forming a white candle for a second consecutive session. As the 21-day SMA line is likely to turn higher, it would appear that the bullish sentiment has been enhanced. A positive bias may emerge above the MYR2.38 level, with an exit set below the MYR2.23 mark. Towards the upside, the immediate resistance is at the MYR2.60 level, followed by the MYR2.70 threshold.
Source: RHB Securities Research - 6 Jan 2020
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