Focus Lumber may rebound higher after it continued holding above the MYR1.52 support. The stock has posted another white candle, leaving an upside gap – this indicates a positive sign. A bullish bias may emerge above the MYR1.59 level, with an exit set below the MYR1.52 threshold. Towards the upside, the immediate resistance is at MYR1.70. This is followed by the MYR1.78 level.
Source: RHB Securities Research - 22 Apr 2019
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Created by rhboskres | Aug 26, 2024