RHB Retail Research
Trading Stocks - Frontken Corporation
Frontken formed a long white candle, indicating that the momentum of buying could be strong. As the stock recovered above the MYR2.00 threshold, this indicates a positive sign. A positive bias may emerge above the MYR1.95 level, with an exit set below the MYR1.72 threshold. Towards the upside, the immediate resistance is at the MYR2.30 mark, followed by the MYR2.50 level.
Source: RHB Securities Research - 11 Mar 2020
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