AmInvest Research Reports
Stock on Radar - Focus Point (FOCUSP)
AmInvest
Publish date: Fri, 10 Jan 2025, 09:32 AM
AmInvest
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All materials published here are prepared by AmInvest. For latest offers on AmInvest trading products and news, please refer to: https://www.aminvest.com/eng/Pages/home.aspx
Tel: +603 2036 1800 / +603 2032 2888
Fax: +603 2031 5210
Email: enquiries@aminvest.com
Office Hours
Monday to Thursday: 8:45am – 5:45pm
Friday: 8:45am – 5:00pm
(GMT +08:00 Malaysia)
Focus Point (FOCUSP | 0157)
Last Price: RM0.815 | Technical Call: BUY
| Support 1: RM0.80 | Resistance 1: RM0.90 |
| Support 2: RM0.78 | Resistance 2: RM0.97 |
| Shariah Compliant: Yes | Sector: Consumer |
We think the buying interest for Focus Point may have returned after it breached above the 5.5-month downtrend line a few sessions ago. As the 20-day and 50-day EMAs have established their bullish crossover since late-Nov24, additional upward momentum may be present in the near term. A bullish bias may emerge above the RM0.80 level with stop-loss set at RM0.77, below the 50-day EMA. Towards the upside, near-term resistance level is seen at RM0.90, followed by RM0.97.
Entry: RM0.80-0.815
Target: RM0.90, RM0.97
Exit: RM0.77
Source: AmInvest Research - 10 Jan 2025
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