FGV climbed 1.5 sen (+1.61%) to close at RM0.945 on higher trading volume. Chart-wise, the share had been rallying over the past few trading days as we believe investors reacted positively towards the news on its management being committed to turnaround the company. Overall technical outlook is positive as momentum indicators are bullish while the share had also just broken above both the 20-day and 50-day SMAs. From here, expect the share to rally further to its next resistances at RM1.20 (R1) and RM1.45 (R2). Any unexpected negative news flow will see supports at RM0.800 (S1) and RM0.630 (S2)
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Jiahui Foo
3,335 posts
Posted by Jiahui Foo > 2019-01-18 12:03 | Report Abuse
Haha.....Now everybody here targeting 1.08 before Cameroon election......:-)