Saturday, January 13, 2018

Technical Analysis Jan 2018: FGV (5222)



FELDA GLOBAL VENTURES HLDG BHD

Observation From Chart:

FGV retest strong resistance, RM2.15 level.

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 @ RM2.29 level.
Subsequent resistance @ RM2.50 level.

Immediate support @ RM2.05 level.
Subsequent support @ RM1.93 level.

Let's watch closely

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