RHB Retail Research
Tradiing Stocks - FGV
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
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