AmInvest Research Reports
Stocks on Radar - FGV Holdings (5222)
AmInvest
Publish date: Mon, 27 Jul 2020, 01:00 PM
AmInvest
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All materials published here are prepared by AmInvest. For latest offers on AmInvest trading products and news, please refer to: https://www.aminvest.com/eng/Pages/home.aspx
Tel: +603 2036 1800 / +603 2032 2888
Fax: +603 2031 5210
Email: enquiries@aminvest.com
Office Hours
Monday to Thursday: 8:45am – 5:45pm
Friday: 8:45am – 5:00pm
(GMT +08:00 Malaysia)
FGV Holdings is moving higher after testing the RM1.26 resistance level. With the RSI indicator pointing upwards, coupled with higher trading volume, we think that the bullish momentum will continue to travel towards the technical target price of RM1.35 followed by RM1.44. In this case, the downside support is marked at RM1.18, whereby traders may exit on a breach to avoid the risk of a further correction
Trading Call: Buy on pullback RM1.26
Target: RM1.35, RM1.44 (time frame: 2-4 weeks)
Exit: RM1.18
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Bappuidoo
Looks good FGV.. moving up
2020-07-28 04:23