Focus Point Holdings retreated after failing to break above the resistance price of RM0.50. In previous session, we saw a bullish reversal hammer pattern. With a rising RSI, a bullish bias may be present above this mark with the short-term target prices of RM0.55 and RM0.60. In this case, the downside support is anticipated at RM0.45, whereby traders may exit on a breach to avoid the risk of a further correction Trading Call: Buy upon breakout above RM0.50

Target: RM0.55, RM0.60 (time frame: 3-6 weeks) Exit: RM0.45

Source: AmInvest Research - 5 Feb 2020