Focus Point set to rebound higher, says RHB Retail Research

Focus Point set to rebound higher, says RHB Retail Research
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KUALA LUMPUR (Sept 15): RHB Retail Research said Focus Point Holdings Bhd is set to rebound higher towards the recent high, as it breached above the immediate resistance of 76.5 sen on high trading volume – printing a long bullish candlestick.

In a trading stocks note today, the research house said that premised on this strong bullish interest, the research house expects the uptrend to continue and propel the stock towards the next resistance of the 84 sen recent high, followed by 90 sen.

“Conversely, falling below the 73 sen support will cancel this expectation,” it said.