FGV Holdings is moving higher after testing the RM1.26 resistance level. With the RSI indicator pointing upwards, coupled with higher trading volume, we think that the bullish momentum will continue to travel towards the technical target price of RM1.35 followed by RM1.44. In this case, the downside support is marked at RM1.18, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on pullback RM1.26
Target: RM1.35, RM1.44 (time frame: 2-4 weeks)
Exit: RM1.18