Rakuten Trade Research Reports
Technical View - Foundpac Group Berhad
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Publish date: Tue, 21 Mar 2023, 11:56 AM
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Foundpac Group Berhad
- Share price closed 2.41% higher at RM0.425 on Monday.
- FPGROUP broke out from its resistance level at RM0.42 yesterday with improved volume. The stock seems to have found its support at RM0.40 as selling pressure was overdone. Coupled with indicators showing uptick momentum, share price is expected to propel higher.
- Resistance levels are identified at RM0.44 (R1) and RM0.445 (R2).
- On the flipside, support levels are pegged at RM0.40 (S1) and RM0.38 (S2).
Source: Rakuten Research - 21 Mar 2023
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