RHB Retail Research
Trading Stocks - Formosa Prosonic Industries
Formosa Prosonic Industries was testing the MYR1.90 level recently. A bullish bias may be present above this point with a target price of MYR2.00, followed by MYR2.10. The stock may take a breather if it cannot breach above the MYR1.90 mark decisively in the coming sessions. Support may be found at MYR1.78, where traders can exit upon a breach to limit downside risk.
Source: RHB Securities Research - 13 Feb 2019
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