RHB Retail Research

Trading Stocks - FoundPac Group

rhboskres
Publish date: Mon, 04 Feb 2019, 08:57 AM
rhboskres
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RHB Retail Research

FoundPac Group formed a long white candle, indicating that the momentum of buying could be strong. This close sent the stock to its highest close in more than three months, thereby enhancing the positive sentiment. A bullish bias may emerge above the MYR0.26 level, with an exit set below the MYR0.225 threshold. Towards the upside, the immediate resistance is at MYR0.305. This is followed by the MYR0.34 level.

Source: RHB Securities Research - 4 Feb 2019

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