RHB Retail Research
Trading Stocks - FoundPac
FoundPac latest two sessions’ price actions indicate that the stock is attempting to stage a rebound after it recently tested the 21-day SMA line. A positive bias is expected to appear above MYR0.985, with resistance levels marked at MYR1.07 and MYR1.14. This bias would be void if the MYR0.985 fails to hold.
Source: RHB Securities Research - 27 Jan 2021
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