FoundPac Group may rebound higher after it continued holding above the MYR0.335 support. Yesterday’s long white candle has engulfed the prior one to form a “Bullish Engulfing” pattern, implying a potential rebound. A bullish bias may appear above the MYR0.35 level, with an exit set below the MYR0.335 threshold. Towards the upside, the near-term resistance is at MYR0.40. This is followed by the MYR0.44 level.
Source: RHB Securities Research - 19 Apr 2019
Chart | Stock Name | Last | Change | Volume |
---|
Created by rhboskres | Aug 26, 2024