FGV may climb higher after it breached above the MYR1.00 threshold. In view that the 21-day SMA line is likely to begin turning upwards, this also implies a positive outlook sentiment. A bullish bias may appear above the MYR0.98 level, with an exit set below the MYR0.815 threshold. Towards the upside, the near-term resistance is at MYR1.09. This is followed by the MYR1.20 level.

Source: RHB Securities Research - 24 Jan 2019