Foundpac Group

Foundpac Group may move higher after posting a long white candle and hitting its highest close in nearly three months. In view that the 21-day SMA line will likely begin turning upwards, this is an indication of a positive sign. A bullish bias may appear above the MYR0.285 level, with an exit set below the MYR0.25 threshold. To the upside, the near-term resistance is at MYR0.345. This is followed by the MYR0.40 level.

Source: RHB Securities Research - 18 Jun 2018