FoundPac Group may rise higher, says RHB Retail Research

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KUALA LUMPUR (Aug 21): RHB Retail Research said FoundPac Group Bhd may rise higher after it breached above the 35.5 sen  threshold.

In a trading stocks note today, the research house said this upward momentum is likely to continue, given that it has formed a second consecutive white candle.

“A bullish bias may emerge above the 35.5 sen level, with an exit set below the 32.5 sen threshold.

“Towards the upside, the immediate resistance is at 39 sen level. This is followed by the 44 sen level,” it said.