RHB Retail Research
Technical Analysis - FoundPac Group
FoundPac Group
FoundPac Group may climb higher after it formed a second consecutive white candle yesterday. With the 21-day SMA line edging upwards, this suggests a likelihood of increasing demand in the near term. A bullish bias may emerge above the MYR0.315 level, with an exit set below the MYR0.275 level. Towards the upside, the immediate resistance is at MYR0.365. This is followed by the MYR0.415 level.
Source: RHB Securities Research - 3 Jul 2018
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