FoundPac Group formed a long white candle, indicating that the buying momentum could be strong. This close has sent the stock to its highest close in nearly two weeks, thereby enhancing the positive sentiment. A bullish bias may appear above the MYR0.31 level, with an exit set below the MYR0.285 threshold. Towards the upside, the near-term resistance is at MYR0.35. This is followed by the MYR0.40 level.

Source: RHB Securities Research - 1 Apr 2019