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FGV possible to enter FBMKLCI 30

Written By Unknown on Sunday, 23 December 2012 | 6:54:00 pm

Rumours about FGV will be entering into FBMKLCI 30 which is around the corner is there. On 21 December, saw broke above the resistance at 4.66 with high volume.



Indicators
1 ) Trendline - Broke above the sideway trend between 4.66 and 4.5. ( Bullish)
2)  Support/Resistance - formed higher low ( Bullish
3) MACD -Postive ( Bullish) .
4) RSI - Broke above 70%  (Bullish) ,
5) STO -Broke above 80 ( .Bullish)
6) Ichimoku -  a) Price starting to penetrate resistance cloud Bullish)
                       b) Conversion line  above the base line  Bullish)
                       c) Price close above the baseline  Bullish)





Conclusion:
Bullish
WIll resume super bullish if able to break above the resistance cloud at 4.78


Resistance 4.71 / 4.78 / 4.87 / 4.98 / 5.14
Support -  4.66 / 4.57 / 4.5
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