Frontken Corporation is set to reclaim its all-time high after bouncing off the support to move past the MYR3.86 resistance level yesterday – printing a “higher high” bullish structure with long white candlestick. If it manages to sustain above this level, the bulls should propel the stock towards the MYR4.05 all-time high, before possibly printing a new high level at MYR4.50. If it falls below the MYR3.75 support, the momentum may be reversed.

Source: RHB Securities Research - 17 Dec 2021