KUALA LUMPUR (June 27): RHB Retail Research said FoundPac Group Bhd may rebound further after it tested 30 sen support recently.

In a trading stocks note today, the research house said as the stock rose above the 21-day SMA line, this indicates a positive sign.

“A bullish bias may emerge above the 32 sen level, with an exit set below the 30 sen threshold.

“Towards the upside, the immediate resistance is at 35 sen. This is followed by the 39 sen level,” it said.