Focus Point is attempting to continue the upside movement while testing the immediate resistance with high volume. The stock underwent a positive price action yesterday, printing a long bullish candlestick to show positive momentum is picking up pace. If it breaks past the MYR0.835 resistance, it will extend the bullish trajectory towards MYR0.87, followed by MYR0.92. In the event it falls below the MYR0.78 support, this will resume the correction phase.

Source: RHB Securities Research - 16 Oct 2024