KUALA LUMPUR (Dec 10): RHB Retail Research said FGV Holdings Bhd is in the process of consolidating sideways following a recent pullback.

In a trading stocks note on Friday (Dec 10), the research house said if the stock manages to bounce off above the consolidation level of RM1.50, a follow-through of this bullish momentum should propel the stock towards the recent high of RM1.55, followed by RM1.67 – its 52-week high.

“If it falls below the RM1.45 support, the momentum may be reversed,” it said.