FGV Holdings has rebounded from its low to test the immediate resistance level of RM1.36. With a rising RSI, a bullish bias may be present above this mark with the target prices of RM1.43 and RM1.50. In this case, the immediate support is anticipated at RM1.25, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM1.36
Target: RM1.43, RM1.50 (time frame: 3-6 weeks)
Exit: RM1.25

Source: AmInvest Research - 7 Feb 2020