RHB Retail Research
Trading Stocks - FGV
FGV was testing the MYR1.12 threshold in its latest session. A bullish bias may be present above this point, with a target price of MYR1.20, followed by MYR1.28. The stock may take a breather if it cannot breach above the MYR1.12 threshold decisively in the coming sessions. Support may be found at MYR0.99, where traders can exit upon a breach to limit the downside risk.
Source: RHB Securities Research - 1 Nov 2019
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