RHB Retail Research
Trading Stocks - Focus Point Holdings
Focus Point Holdings is consolidating near the 21-day SMA line and poised to test the immediate resistance. If it manages to break past the immediate resistance of MYR0.85 – by forming a “higher high” pattern, the bullish momentum may resume and propel the stock towards the next resistance level of MYR0.92, followed by MYR0.98. Inversely, a downside breach of MYR0.79 would reverse this expectation.
Source: RHB Securities Research - 13 Apr 2021
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