RHB Retail Research
Trading Stocks - FoundPac Group
FoundPac Group may move higher after it tested the MYR0.43 support in recent sessions. As the stock has formed a long white candle above the rising 21-day SMA line, this points to a positive sign. A bullish bias may emerge above the MYR0.455 level, with an exit set below the MYR0.43 threshold. Towards the upside, the immediate resistance is at MYR0.52. This is followed by the MYR0.55 level.
Source: RHB Securities Research - 17 Oct 2019
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