RHB Retail Research
Trading Stocks - Formosa Prosonic Industries
Formosa Prosonic Industries’ 1-week retracement has likely completed with a low near the 21-day SMA line. The past two sessions’ rebound on improved volume profile suggests a positive bias may emerge above MYR2.60 with resistance points set at MYR2.85 and MYR3.00. A downside breach of MYR2.60 would negate this price forecast.
Source: RHB Securities Research - 29 Jan 2021
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
