FPGROUP

Sector: Technology / Test Socket

Analyzed on 15/8/2021

Recap of our previous analysis, FPGROUP has been on a steady uptrend since its recent low of RM0.70+ in May 2021. The uptrend is quite obvious, as shown by the red support line. Higher highs and higher lows can be seen as well.

The candlestick on last Friday was a pin bar, which has a long tail touching RM0.825 level before recovering some grounds to close at RM0.85. The support is also contributed by its EMA25/50. Should the supports broken, we will see FPGROUP find further support at RM0.75 region.

Given the positive prospects in the semiconductor industry, now could be a good point to add shares since FPGROUP is at its support level. However, one must note that this is not a buy call as we are unauthorized to do so. Due diligence must be exercised before making any investment decisions.

In case you’ve missed it, we have introduced our Volume 2 E-book which covers introduction and key financial highlights of semiconductor sector companies. If you would like to get a copy, just whatsapp us at http://mywa.link/fnufmzh9. Cheers.

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NOTT INVEST 

Disclaimer: 

This content by NOTT INVEST, is in no way a solicitation or offer to buy or sell securities or investment advisory services. 

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