RHB Retail Research
Trading Stocks - FoundPac Group
FoundPac Group’s upside move may persist after it continued holding above the rising 21-day SMA line. The stock recently recorded a new 52-week high, thereby enhancing the positive sentiment. A positive bias may emerge above the MYR0.585 level, with an exit set below the MYR0.545 threshold. Towards the upside, the immediate resistance is at the MYR0.635 mark. This is followed by the MYR0.65 level.
Source: RHB Securities Research - 2 Dec 2019
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