RHB Retail Research
Trading Stocks -FGV
FGV formed a long white candle, indicating that the momentum of buying could be strong. As the stock has recorded a new 52- week high, the positive sentiment has been enhanced. A positive bias may emerge above the MYR1.47 level, with an exit set below the MYR1.35 threshold. Towards the upside, the immediate resistance is at the MYR1.74 mark. This is followed by the MYR1.90 level.
Source: RHB Securities Research - 31 Dec 2019
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