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Rakuten Trade Research Reports

Author: rakutentrade   |   Latest post: Wed, 22 Jan 2020, 12:07 PM

 

Technical View - FGV Holdings Bhd (FGV, 5222)

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FGV Holdings Bhd (5222)

• FGV closed at RM1.32 last Friday.

• Chart wise, share price are currently trading above all leading moving averages suggesting a sustainable level of buying interest. On the back of higher trading volume recently, we believe share price may trend higher, and potentially testing its 52-week high of RM1.38.

• From here, resistance levels are seen at RM1.38 (R1) and RM1.45 (R2).

• Conversely, support levels can be identified at RM1.28 (S1) and RM1.21 (S2).

Source: Rakuten Research - 9 Dec 2019

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Labels: FGV

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Chart Stock Name Last Change Volume 
FGV 1.45 +0.02 (1.40%) 2,302,400 

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