RHB Retail Research
Trading Stocks - FoundPac Group
FoundPac Group was testing the MYR0.39 threshold in its latest session. A bullish bias may be present above this point, with a target price of MYR0.44, followed by MYR0.50. The stock may take a breather if it cannot breach above the MYR0.39 threshold decisively in the near term. Support may be found at MYR0.34, where traders can exit upon a breach to minimise the downside risk.
Source: RHB Securities Research - 11 Sept 2019
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