Thursday, April 27, 2017

Technical Analysis Apr 2017: FGV (5222)


FELDA GLOBAL VENTURES HLDG BHD 

Observation From Chart:

FGV retest ascending triangle resistance again.

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

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

Immediate resistance @ RM2.14 level.
Subsequent resistance @ RM2.29 level.

Immediate support @ RM1.98 level.
Subsequent support @ RM1.87 level.

Let's watch closely for entry opportunity

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