Observation From Chart:
FGV succed break through descending triangle.
How high will it rebound?
Other indicator:-
MACD trade @ negative region, downtrend sign.
Stochastic %K already trigger BUY call.
Immediate resistance @ RM4.71 level.
Subsequent resistance @ RM4.92 level.
Immediate support @ MA20 level.
Subsequent support @ RM4.53 level.
Once higher high & higher low is form, FGV will moving uptrend.
Added, FGV will be park under FTSE Bursa Malaysia KLCI.
Astro and Felda Global to replace AirAsia and MMHE on FTSE Bursa Malaysia KLCI
Souce:
http://www.themalaysianinsider.com/business/article/astro-and-felda-global-to-replace-airasia-and-mmhe-on-ftse-bursa-malaysia-klci
Let's watch closely.
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