Farm Price Holdings Berhad (FPHB, 0304) Price Volume Action Analysis

Over the past week, FPHB has been challenging the key resistance level of 49.0 sen. In the last two trading days, we observed positive results from a test of sell pressure, indicating potential resilience in the stock’s performance. Moving forward, we anticipate FPHB to continue testing the key resistance levels of 47.0 sen and 49.0 sen. This outlook is supported by positive trends in the EMA5 and EMA10 indicators, suggesting a favourable momentum for the stock.

Support Level: 45.0 sen

TP/Resistance Level: 47.0 sen, 49.0 sen