RHB Retail Research
Trading Stocks - FoundPac Group
FoundPac Group’s upside move may persist after it continued holding above the rising 21-day SMA line. As the stock marked a higher close vis-à-vis the previous session, this indicates a positive sign. A positive bias may emerge above the MYR0.90 level, with an exit set below the MYR0.855 point. Towards the upside, the immediate resistance is at the MYR1.01 level, followed by the MYR1.10 threshold.
Source: RHB Securities Research - 26 Feb 2020
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