Focus Lumber may climb higher after posting another positive candle and hitting its new 52-week high. This can be viewed as a continuation of bulls extending the buying momentum from 7 Feb’s upside gap. A bullish bias may emerge above the MYR1.70 level, with an exit set below the MYR1.59 threshold. Towards the upside, the immediate resistance is at MYR1.90. This is followed by the MYR2 level.

Source: RHB Securities Research - 11 Feb 2019