RHB Retail Research
Trading Stocks - Frontken
Frontken attempted to break out from the sideways consolidation zone, testing the resistance level of MYR3.75. With the trading volume surging in the recent session, we believe the stock has attracted significant trading interest, and may break out from the resistance level soon. If this happens, the bullish momentum may send the stock price towards MYR3.90, followed by MYR4.10. A downside breach of the MYR3.53 support would negate this expectation
Source: RHB Securities Research - 2 Nov 2020
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