Foundpac Group surged past the resistance price of RM0.375 in its latest session with higher trading volume. With the momentum indicator RSI above 60%, the short-term momentum could reach a target price of RM0.405, followed by RM0.425. If it dips below

RM0.375, it will move sideways and consolidate. The support price is anticipated at RM0.355 whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on continuation above RM0.375

Target: RM0.405, RM0.425 (time frame: 3-6 weeks)

Exit: RM0.355

Source: AmInvest Research - 11 Sept 2019