RHB Retail Research
Technical Analysis - Focus Lumber
Focus Lumber may climb higher after forming a white candle for a second consecutive session. Yesterday’s close sent the stock to its new 52-week high, thereby enhancing the bullish sentiment. A bullish bias may emerge above the MYR1.60 level, with an exit set below the MYR1.43 threshold. Towards the upside, the immediate resistance is at MYR1.76. This is followed by the MYR1.87 level.
Source: RHB Securities Research - 22 Nov 2018
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