Stock Code: 5222
Felda Global Ventures was testing the MYR1.54 level and 50-day SMA line in its latest session. The stock may climb further if it breaches this point in the near term, with a target price of MYR1.66. On the other hand, it may turn sideways if the MYR1.54 mark cannot be surpassed. Support may be found at MYR1.43, where traders can exit upon a breach.
Source: RHB Research – 31/03/2016
FELDA GLOBAL VENTURES HOLDINGS BERHAD
The Company were the commercial arm of FELDA for overseas investments in the upstream and downstream palm oil business and other agribusinesses and the Company are currently a producer of oil palm and rubber plantation products soybean and canola products oleochemical products and sugar products. The Company primary business activities are classified into three main business segments: plantations business downstream business and sugar business.