RHB Retail Research
Trading Stocks - Frontken Corporation
Frontken Corporation is poised to resume its upward movement, testing the immediate resistance on higher volume. If it manages to break above the MYR3.39 resistance level, a bullish bias may emerge. This will likely see the stock climbing towards the next resistance at MYR3.60 before reaching the higher resistance at MYR3.80. Meanwhile, if it falls below the MYR3.19 support level, this momentum will fade.
Source: RHB Securities Research - 27 Jul 2021
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