As per article @ 15/07/2017, share price moved as per charting.
Short Term View
The share price increase with a Positive GAP and volume.
MACD and RSI still moderate level.
Thus, FGV might challenge 1.75 next week (More 50%)
From 20/07/2017 to 21/07/2017, KOPERASI PERMODALAN FELDA MALAYSIA BERHAD and LEMBAGA TABUNG HAJI entered market to support FGV which cause high volume of transaction.
Long Term View
There is 3 type of major business in FGV as Plantation, Logistic and Sugar.
As per Palm oil and Sugar price for last 5 years report, there is a slightly bounce in price @ 2017 which will lead higher revenue of FGV in next coming quarter announcement.
1st quarter of Revenue 2017 hit 25% of Revenue 2016 as per table below. Thus, it have high percentage to achieve higher Revenue as price of Palm Oil and Sugar have better perspective in 2017.