Focus Lumber’s buying momentum may have returned after it rose above the 21-day SMA line. Yesterday’s candle can be viewed as a continuation of the bulls extending the buying momentum from 7 Feb’s upside gap. A positive bias may appear above the MYR1.74 level, with an exit set below the MYR1.65 threshold. Towards the upside, the near-term resistance is at MYR1.90. This is followed by the MYR2.00 level.

Source: RHB Securities Research - 28 Feb 2019