Technical Analysis May 2017: FRONTKN (0128)
FRONTKEN CORPORATION BERHAD
Observation from Chart:-
FRONTKN (0128) succeed breakout ascending triangle resistance.
How high will it go?
Other indicator:-
MACD at positive region, uptrend sign.
Stochastic %K on BUY call itinerary.
Immediate resistance @ RM0.285 level.
Subsequent resistance @ RM0.30 level.
Immediate support @ RM0.245 level.
Subsequent support @ RM0.225 level.
Based on last few round, breakout resistance with huge volume,
FRONTKN will consolidate sideway retest the support before go higher high.
Let's watch closely.
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