Monday, September 15, 2014

Technical Analysis Sept 2014: FGV (5222)

FELDA GLOBAL VENTURES HLDG BHD 

Observation From Chart:

FGV forming lower high & lower low.

How low will it go?

Other indicator:-
MACD trade @ negative region, downtrend sign. 
Stochastic %K oversold stage.

Immediate resistance @ MA20 level.
Subsequent resistance @ MA50 level.

Immediate support @ RM3.50 level.
Subsequent support @ RM3.00 level.

Let's watch closely for technical rebound
.

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