RHB Retail Research
Trading Stocks - Frontken Corporation
Frontken may rise higher after forming a white candle and hitting its new 52-week high. In view that the 21-day SMA line will likely begin turning upward, this indicates a positive sign. A positive bias may emerge above the MYR2.43 level, with an exit set below the MYR2.31 threshold. Towards the upside, the immediate resistance is at the MYR2.60 mark. This is followed by the MYR2.80 level.
Source: RHB Securities Research - 22 Jan 2020
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