RHB Retail Research

Trading Stocks - FoundPac Group

rhboskres
Publish date: Fri, 27 Dec 2019, 11:40 AM
rhboskres
0 9,021
RHB Retail Research

FoundPac Group may rebound higher after it continued holding above the MYR0.67 support. Given that the stock formed a “Hammer” pattern on 19 Dec, this indicates a potential rebound. A positive bias may emerge above the MYR0.70 level, with an exit set below the MYR0.67 threshold. Towards the upside, the immediate resistance is at MYR0.825. This is followed by the MYR0.90 level.

Source: RHB Securities Research - 27 Dec 2019

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