RHB Retail Research
Trading Stocks - FoundPac Group
FoundPac is likely extending its rebound, which started after it tested the MYR0.92 support threshold about two weeks ago. It decisively crossed above the 21-day SMA line on strong volume in the latest session. A positive bias may appear above MYR0.97, with resistance levels set at MYR1.05 and MYR1.10. A downside breach of MYR0.97 would nullify this positive price forecast
Source: RHB Securities Research - 11 Jan 2021
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