RHB Retail Research
Trading Stocks - FoundPac Group
FoundPac Group may rebound higher after it continued holding above the MYR0.455 support. Given that it has formed a positive candle for the second consecutive day, the positive sentiment has been enhanced. A positive bias may emerge above the MYR0.49 level, with an exit set below the MYR0.455 threshold. Towards the upside, the immediate resistance is at the MYR0.54 mark. This is followed by the MYR0.565 level.
Source: RHB Securities Research - 8 Nov 2019
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