Focus Point is poised to extend the technical rebound after breaking past the resistance.
RHB Retail Research (RHB) in a note today (Aug 8) said the stock has found an interim bottom and climbed above the MYR0.75 resistance with a bullish candlestick.
Riding on the renewed momentum, it may test the next resistance at MYR0.795, followed by MYR0.835.
In the event it breaches the MYR0.71 support, this will negate the bullish setup.
MN Holdings is eyeing to resume the upside movement, testing the immediate resistance with high volume.
RHB said they observed the counter printing a bullish candlestick with high volume, indicating the bullish momentum is picking up pace again.
In the event it surpasses the MYR0.925 resistance, expect a follow-through price action to test MYR0.98, followed by MYR1.04.
On the other hand, falling below the MYR0.845 support will resume the correction phase.