RHB Retail Research: FoundPac Group may trend higher

RHB Retail Research says FoundPac Group Bhd may trend higher after it tested the MYR0.705 support in its latest session.

In a trading note, the research house says with the 21-day SMA line edging upwards, this implies a positive outlook.

“An upbeat bias may emerge above the MYR0.705 level, with an exit set below the MYR0.705 mark.

“Towards the upside, the immediate resistance is at the MYR0.81 level, followed by the MYR0.89 threshold,” it says.

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