Rakuten Trade Research Reports
Technical View - Formosa Prosonic Industries Bhd (FPI, 9172)
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Publish date: Thu, 12 Aug 2021, 02:43 PM
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Rakuten Trade
Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my
• FPI ended 4.4% or 12 sen higher to RM2.88 yesterday.
• Share price stands a higher chance to scale higher followed by recent positive breakout and encouraging chart pattern. Buying interest has resumed on the back of higher trading volume and as such we expect share price to test RM3.00 level.
• Resistance levels are expected at RM3.05 (R1) and RM3.15 (R2).
• On the contrary, support levels are identified at RM2.72 (S1) and RM2.63 (S2).
Source: Rakuten Research - 12 Aug 2021
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