• 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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Created by rakutentrade | Nov 11, 2024