KUALA LUMPUR (Jan 11): RHB Retail Research said Focus Lumber Bhd’s upward momentum may continue after the stock posted a third consecutive white candle. In a trading stocks note today, the research house said with the 21-day SMA line having crossed above the 55-day SMA line recently, this is an indication of a bullish sign. “A bullish bias may appear at above the RM1.72 level with an exit set below the RM1.59 threshold. “To the upside, we anticipate the resistance level at RM1.86. This is followed by RM2.13, which was determined from the high of May 23, 2016,” it said.

Source: The Edge Markets January 11, 2017 00:42 UTC