RHB Retail Research
Trading Stocks - FGV Holdings
FGV Holdings is in the process of consolidating sideways following a recent pullback. If it manages to bounce off above the consolidation level of MYR1.50, a follow-through of this bullish momentum should propel the stock towards the recent high of MYR1.55, followed by MYR1.67 – its 52-week high. If it falls below the MYR1.45 support, the momentum may be reversed.
Source: RHB Securities Research - 10 Dec 2021
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