FoundPac Group is moving sideways, touching the RM0.975 resistance level. With its RSI indicator in an uptrend, coupled with a higher low candle stick pattern, there is a good chance it will break out and head towards the short-term target price of RM1.01, followed by RM1.05. The downside support is marked at RM0.93. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM0.975

Target: RM1.01, RM1.05 (time frame: 2-4 weeks)

Exit: RM0.93

Source: AmInvest Research - 18 Jan 2021