FoundPac Group may rise higher after it formed a second consecutive white candle. Yesterday’s white candle can be viewed as the bulls extending the rebound from 18 Apr’s “Bullish Engulfing” pattern. A bullish bias may emerge above the MYR0.36 level, with an exit set below the MYR0.34 threshold. Towards the upside, the immediate resistance is at MYR0.39. This is followed by the MYR0.415 level.
Source: RHB Securities Research - 9 May 2019
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Created by rhboskres | Aug 26, 2024