Thursday, March 31, 2016

Technical Analysis Mar 2016: FGV (5222)

FELDA GLOBAL VENTURES HLDG BHD 

Observation From Chart:

FGV retest descending triangle resistance again.

How about this round? WIll it breakout & go higher?

Other indicator:-
MACD trade @ negative region, downtrend sign.
Stochastic %K on BUY call itinerary.

Immediate resistance @ RM1.55 level.
Subsequent resistance @ RM1.64 level.

Immediate support @ RM1.46 level.
Subsequent support @ RM1.43 level.

Let's watch closely for entry opportunity
.

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