RHB Retail Research
Trading Stocks - FoundPac Group
FoundPac Group may rise higher after it breached above the MYR0.315 threshold. With the 21-day SMA line edging upwards, this suggests that demand is likely to increase in the coming sessions. A bullish bias may emerge above the MYR0.315 level, with an exit set below the MYR0.295 threshold. Towards the upside, the immediate resistance is at MYR0.36. This is followed by the MYR0.40 level.
Source: RHB Securities Research - 6 Mar 2019
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