Posted by cchong86 > 2019-10-21 10:21 | Report Abuse

Thanks to the Revival Of the CPO Bull Market, FGV had finally reversed its major bear market in Dec of 2018. During the period of the massive decline since its listing on BURSA, it had lost about 88.6% from the contract high of RM5.55. Following the emergence of a bull market in CPO prices(ie futures prices)since July91, which is now doing a W3 rally (commonly regarded as the strongest of a 5-wave rally), the initial bull phase of FGV ie in a 5-wave impulse will take it up to either 1.78 or 2.08/2.45 within the next 3 to 9 month.