Focus Lumber may rebound further after it tested the MYR1.70 support in its latest session. Given that the stock formed a “Hammer” pattern on 22 Feb, this indicates a potential rebound. A bullish bias may appear above the MYR1.70 level, with an exit set below the MYR1.70 threshold. Towards the upside, the near-term resistance is at MYR1.87. This is followed by the MYR2 level.

Source: RHB Securities Research - 25 Feb 2019