RHB Retail Research

Trading Stocks - Formosa Prosonic Industries

rhboskres
Publish date: Mon, 13 Jan 2020, 10:35 AM
rhboskres
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RHB Retail Research

 

Formosa Prosonic Industries may climb higher after it breached above the MYR1.70 threshold. This upward momentum is likely to continue, given that it has posted a second consecutive white candle. A positive bias may emerge above the MYR1.70 level, with an exit set below the MYR1.64 threshold. Towards the upside, the immediate resistance is at the MYR1.86 mark. This is followed by the MYR1.96 level.

Source: RHB Securities Research - 13 Jan 2020

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