Felda Global Ventures Holding Bhd (Rm1.92)
Looking at the way FGV moved, an early election is highly possible.
FGV gained 5 sens and moved higher than its previous high set last week. The 4 days of correction is the mini wave 2, sub-wave iii has not yet ended. Very bullish indeed.
Its OBV is very strong and is in record territory, higher than its OBV at Rm 5.50. In fact in mid July when FGV is at around Rm 1.55, its OBV has already surpassed its OBV at Rm 2.00.
I don't know how high they wanted to push FGV but going by the wave count, there is still a long way to go. It is no more on fundamental but this is also the danger. Hopefully the chart can tell me when the music is going to stop.
FGV (5222) - They are pushing FGV
http://chanky50.blogspot.my/2016/08/they-are-pushing-fgv.html
