Rumours about FGV will be entering into FBMKLCI 30 which is around the corner is there. On 21 December, saw broke above the resistance at 4.66 with high volume.
Indicators
1 ) Trendline - Broke above the sideway trend between 4.66 and 4.5. ( Bullish)
2) Support/Resistance - formed higher low ( Bullish)
3) MACD -Postive ( Bullish) .
4) RSI - Broke above 70% (Bullish) ,
5) STO -Broke above 80 ( .Bullish)
6) Ichimoku - a) Price starting to penetrate resistance cloud ( Bullish)
b) Conversion line above the base line ( Bullish)
c) Price close above the baseline ( Bullish)
Conclusion:
Bullish
WIll resume super bullish if able to break above the resistance cloud at 4.78
Resistance- 4.71 / 4.78 / 4.87 / 4.98 / 5.14
Support - 4.66 / 4.57 / 4.5