Rakuten Trade Research Reports
Technical View - Foundpac Group Bhd
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Publish date: Mon, 08 Feb 2021, 06:20 PM
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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 (5277)
• FPGROUP rose 8% or 8 sen to RM1.08 last Friday.
• Price movements are indicating positive signals as share price is trading above the upward sloping short-term moving average lines and has formed a key resistance breakout at RM1.06 level. Should the buying momentum continue, share price should extend its upward strength towards higher levels.
• As such, resistance levels are seen at RM1.14 (R1) and further to RM1.20 (R2).
• On the downside, support levels are projected at RM0.975 (S1) and RM0.930 (S2).
Source: Rakuten Research - 8 Feb 2021
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