Focus Point Holdings rose and touched the RM0.685 resistance level. With its 21-day moving average pointing upward, coupled with a higher trading volume, there is a good chance that it would experience a technical breakout and head towards the short-term target price of RM0.72, followed by RM0.735. The downside support is marked at RM0.635. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM0.685

Target: RM0.72, RM0.735 (time frame: 2-4 weeks)

Exit: RM0.635
 

Source: AmInvest Research - 6 Jan 2022