Formosa Prosonic Industries was testing the MYR1.68 level in its latest session. A bullish bias may be present above this point, with a target price of MYR1.77, followed by MYR1.82. The stock may take a breather if it cannot breach above the MYR1.68 mark in the near term. Support may be found at MYR1.58, where traders can exit upon a breach to limit the downside risk.
Source: RHB Securities Research - 10 Dec 2019
Chart | Stock Name | Last | Change | Volume |
---|
Created by rhboskres | Aug 26, 2024