AmInvest Research Reports
Stocks on Radar - FoundPac Group
AmInvest
Publish date: Thu, 25 Aug 2022, 10:16 AM
AmInvest
0 9,047
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All materials published here are prepared by AmInvest. For latest offers on AmInvest trading products and news, please refer to: https://www.aminvest.com/eng/Pages/home.aspx
Tel: +603 2036 1800 / +603 2032 2888
Fax: +603 2031 5210
Email: enquiries@aminvest.com
Office Hours
Monday to Thursday: 8:45am – 5:45pm
Friday: 8:45am – 5:00pm
(GMT +08:00 Malaysia)
FoundPac Group may rise further after it gapped up and posted a long white candle yesterday. As the stock also broke out of the 3-week bullish falling wedge pattern, it may see additional strength in the coming sessions. A bullish bias may emerge above the RM0.53 level, with a stop-loss set at RM0.49, below the 20-day EMA. Towards the upside, the near-term resistance level is seen at RM0.58, followed by RM0.60.
Entry : RM0.53–0.545
Target : RM0.58, RM0.60
Exit : RM0.49
Source: AmInvest Research - 25 Aug 2022
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