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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Created by AmInvest | Mar 27, 2024