RHB Retail Research
Trading Stocks - Frontken Corporation
Frontken Corporation is poised to climb higher after forming a higher low base above the 21-day SMA line. If it manages to break past the immediate resistance of MYR5.38, the bullish momentum is expected to propel the stock towards the next resistance level of MYR5.58, followed by MYR5.95. Inversely, a downside breach of MYR4.98 would negate this expectation.
Source: RHB Securities Research - 12 Apr 2021
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