RHB Retail Research
Trading Stocks - FoundPac Group
FoundPac Group may rise higher after it formed a long white candle and breached above the MYR0.80 mark. This candle has sent the stock to its new 52-week high, thereby enhancing the positive sentiment. A positive bias may emerge above the MYR0.80 level, with an exit set below the MYR0.70 threshold. Towards the upside, the immediate resistance is at MYR1.00. This is followed by the MYR1.10 level.
Source: RHB Securities Research - 3 Jan 2020
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