• Target price RM0.735, RM0.800
• Last closing price RM0.685
• Potential return 7.3%, 16.7%
• Support RM0.675
• Stop loss RM0.655

Possible for bottom fishing. Without creating new lower-low, the substantial retracement from high of RM1.13 made a halt and FFHB’s share price is now supported above RM0.675. Both bullish RSI and MACD indicators signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in near term. Should resistance levels of RM0.710, it may continue to lift price higher to the next resistance levels of RM0.735 and RM0.800. However, failure to hold at support level of RM0.675 may indicate weakness in the share price and hence, a cut-loss signal

Source: PublicInvest Research - 18 Jan 2017