Focus Point Holdings Bhd (FOCUSP, 0157)

• Share price closed 4.1% higher at RM0.76 on Wednesday.

• FOCUSP has just broken out from its consolidation phase with high trading volume at the last trading hour yesterday. It also closed above all key moving averages and formed first positive MACD histogram.

• Coupled with its uptick in RSI and MACD indicators, its share price is expected to move higher.

• Resistance levels are identified at RM0.780 (R1) and RM0.835 (R2).

• On the flipside, support levels are pegged at RM0.745 (S1) and RM0.720 (S2).

Source: Rakuten Research - 28 Apr 2022