RHB Investment Research Reports
Trading Stocks - Frontken Corporation
rhbinvest
Publish date: Wed, 06 Mar 2024, 09:47 AM
rhbinvest
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An official blog in I3investor to publish research reports provided by RHB Research team.
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
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Kuala Lumpur
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Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
Frontken Corporation is poised for a technical breakout after bouncing off the 21-day SMA line and testing the MYR3.80 level yesterday on strong volume. If a breakout occurs above this level, the counter should trend upwards towards MYR4, followed by the next resistance level at MYR4.20. On the other hand, a fall below the MYR3.60 immediate support would nullify the bullish setup.
Source: RHB Securities Research - 6 Mar 2024
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