Technical Outlook: Bullish

The chart for Farm Fresh Berhad shows a bullish technical setup, supported by a consistent uptrend. The stock is trading above the 200-day moving average (MA), indicating long-term strength. The 20-day, 50-day, and 150-day MAs are aligned in a bullish order, confirming positive momentum. The RSI is at 61, reflecting a healthy bullish sentiment without being overbought. The MACD line is near the signal line, indicating momentum is neutral but potentially ready for a breakout. The stock has recently tested resistance near 1.87, with a solid base forming around 1.77, suggesting a consolidation phase. Volume trends remain stable, and Elder Force is moderately positive, showing a balance between buyers and sellers. Bollinger Bands indicate low volatility, which often precedes significant price action. Overall, the setup is solid for further gains, but a breakout above 1.87 with volume would strengthen the case. I’d rank this chart an Bullish for its steady bullish structure.

Stock background:

Farm Fresh Berhad operates in Malaysia's dairy industry, specializing in producing and distributing fresh milk, flavored milk, yogurt, and dairy-related products. Known for its commitment to freshness, the company sources milk locally and uses minimal processing, catering to health-conscious consumers seeking natural, high-quality dairy products.

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My portfolio outperformed the FBMKLCI in 2024. I am ranked 17th out of 76 investors on i3, with a 25.4% return (FBMKLCI: 12.9%).

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