Formosa Prosonic Industries was testing the MYR1.79 level in its latest session. A bullish bias may be present above this point with a target price of MYR1.90, followed by MYR2.00. The stock may take a breather if it cannot breach above the MYR1.79 mark in the near term. Support may be found at MYR1.65, where traders can exit upon a breach to minimise the downside risk.

Source: RHB Securities Research - 18 Jan 2019