Focus Point is attempting to stage a bullish breakout after testing the immediate resistance level with a white candlestick. The counter crossed above the 21-day SMA line, showing that bullish momentum is gaining traction. If it climbs above the MYR0.82 resistance level, a bullish setup will be confirmed. In this case, it may continue to travel towards MYR0.85, followed by MYR0.88. On the other hand, a fall below the MYR0.785 support level would open the door for downward movement.

Source: RHB Securities Research - 10 Jan 2025