RHB Retail Research
Trading Stocks - FoundPac Group
FoundPac Group was testing the MYR0.39 level recently. A bullish bias may be present above this point with a target price of MYR0.415, followed by MYR0.44. The stock may drift sideways if it cannot surpass the MYR0.39 threshold decisively in the near term. Support may be found at MYR0.34, where traders can exit upon a breach to limit the downside risk.
Source: RHB Securities Research - 21 May 2019
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