RHB Retail Research
Trading Stocks - FoundPac Group
FoundPac Group may rise higher after it breached above the MYR0.80 mark. Yesterday’s candle can be viewed as a continuation of the bulls extending the rebound from 3 Feb’s “Piercing Line” pattern. A positive bias may emerge above the MYR0.80 level, with an exit set below the MYR0.75 threshold. Towards the upside, the immediate resistance is at MYR0.89. This is followed by the MYR0.95 level.
Source: RHB Securities Research - 7 Feb 2020
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