RHB Retail Research

Trading Stocks - FoundPac Group

rhboskres
Publish date: Mon, 01 Apr 2019, 08:48 AM
rhboskres
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RHB Retail Research

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

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