RHB Investment Research Reports
Trading Stocks - FGV Holdings
rhbinvest
Publish date: Wed, 23 Mar 2022, 09:02 AM
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An official blog in I3investor to publish research reports provided by RHB Research team.
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
FGV Holdings is poised to print an uptrend reversal, as it bounced off above the 21-day average line and hit the immediate resistance level of MYR1.95, on high volume. If it manages to breach that point, the bulls may propel the stock towards the 52-week high of MYR2.12, followed by the next resistance of MYR2.52. However, the momentum may lose steam if it falls below the MYR1.83, ie below the average line.
Source: RHB Securities Research - 23 Mar 2022
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