RHB Retail Research
Trading Stocks - Formosa Prosonic Industries
Formosa Prosonic Industries latest two sessions’ price actions suggest it may be in the process of extending its sideways trading, which has been in development over the past one week. A positive bias may emerge above MYR2.65 with resistance levels eyed at MYR3.00 and MYR3.10. This bias would be cancelled if the MYR2.65 support fails.
Source: RHB Securities Research - 4 Mar 2021
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