Rakuten Trade Research Reports
Technical View - Foundpac Group Bhd (FPGROUP, 5277)
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Publish date: Thu, 13 Aug 2020, 10:01 AM
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All materials published here are prepared by Rakuten Trade. For latest offers on Rakuten Trade products and news, please refer to: https://www.rakutentrade.my/
To sign up for an account: http://bit.ly/40BNqKI
Rakuten Trade
Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my
Foundpac Group Bhd
• FPGROUP closed 6.1% or 6 sen higher to RM1.05 yesterday.
• Yesterday’s active movement saw share price making a strong rebound following recent retracement from the high of RM1.23 level. Should the buying interest persist, we expect the stock to likely trend towards the RM1.20 mark.
• From here, resistance levels are expected at RM1.12 (R1) and RM1.23 (R2).
• On the contrary, support levels are seen at RM0.88 (S1) and RM0.77 (S2).
Source: Rakuten Research - 13 Aug 2020
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