traderfizfx

POTENTIAL DOWNSIDE

MYX:FGV   FGV HOLDINGS BERHAD
Price might be reach to the next monthly resistance line. Besides that, the chart pattern in the making of potential rising wedge which is one of the bearish signal to take a look. In addition, long term trend still downtrend and the price compressing to reach supply zone around RM1.30. Let's see how the price react with this analysis.
Comment: As expected, price move to the downside. Fundamentally, US banned FGV due to forced labor issue effective immediately.