Focus Point Holdings' recent downtrend appears to have ended, as it rebounded strongly from the critical support yesterday. If this rebound continues and leads to a breakout above the MYR0.73 immediate resistance, it may confirm an uptrend reversal, potentially propelling the stock higher towards the YTD high at MYR0.76, followed by the next resistance at MYR0.81. However, a decline below the MYR0.69 support would trigger a downward movement

Source: RHB Securities Research - 9 Feb 2024