RHB Retail Research
Trading Stocks - FoundPac Group
FoundPac Group may rebound further after it tested the MYR0.37 support lately. Given that it has formed a long white candle above the rising 21-day SMA line, this means that the bullish sentiment has been enhanced. A positive bias may emerge above the MYR0.40 level, with an exit set below the MYR0.37 threshold. Towards the upside, the immediate resistance is at the MYR0.44 level. This is followed by the MYR0.50 threshold.
Source: RHB Securities Research - 4 Oct 2019
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