Focus Point Holdings is set to rebound higher towards the recent high, as it breached above the immediate resistance of MYR0.765 on high trading volume – printing a long bullish candlestick. Premised on this strong bullish interest, we expect the uptrend to continue and propel the stock towards the next resistance of the MYR0.84 recent high, followed by MYR0.90. Conversely, falling below the MYR0.73 support will cancel this expectation.

Source: RHB Securities Research - 15 Sept 2021