RHB Retail Research
Trading Stocks - FGV Holdings
FGV has been showing signs of developing a consolidation phase, after undergoing a relatively sharp rebound. A breakaway from this phase, which would be signalled by the upward breach of the MYR1.38 resistance, may indicate the resumption of its uptrend. Subsequent resistance points are pegged at MYR1.45, followed by MYR1.50. A stop-loss can be placed below MYR1.31.
Source: RHB Securities Research - 14 Feb 2020
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