Technical Analysis
150 MA 50 MA 30 MA bearish.
MACD bearish.
RSI strong bearish.
Support point (1) 1.60 & Support Point (2) 1.58.
Resistance point (1) 1.68 & Resistance point (2) 1.71.
Selling pressure become week and price tend to change upward.
Fundamental analysis
NTA is 1.59
Better in Net profit position
DY 2.05%
International Palm Oil Price is decreasing which impact profit of FGV
Strategic
Government enter market to support FGV price
Scandal of CEO at ending stage of investigation.
Share Pricing near to NTA 1.59
Safe zone to buy in near 1.60 ( Plus/minus 0.05)