RHB Investment Research Reports
Trading Stocks - FGV Holdings
rhbinvest
Publish date: Tue, 20 Feb 2024, 10:29 AM
rhbinvest
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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
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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’ price is set for an uptrend rebound after bouncing off the 21-day SMA line, testing the MYR1.50 mark during intraday session yesterday – backed by surging trading volume. If it manages to surpass that mark, the bullish momentum is likely to persist – heading towards the MYR1.60 recent high, followed by the MYR1.75 next resistance level. However, a decline below the MYR1.42 support triggers a downwards movement.
Source: RHB Securities Research - 20 Feb 2024
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