FFHB( 5584.KL) ENTER ABOVE 1.06 : TARGET 1.12/1.18

EXECUTIVE SUMMARY

FFHB is following long term uptrend. FFHB rebounded after taking support at 0.87 after a short term downtrend. It is having its resistance at 1.06. It is expected to breaks its resistance of 1.06 and move up to the target of 1.18. Looking at its previous trend, it is expected to go up to 1.12 in short term. It is technically strong counter supported by RSI, Bollinger bands and other technically indicators which are giving a strong signal of bullish trend ahead. Its a nice opportunity to buy above 1.06 and gain a considerable amount of net profit in contra. Free Trial Signals

Technical Justification

Looking at it technically FFHB took support at 0.87. It is following long term uptrend and is expected to continue its trend. It has recent given the breakout for double bottom indicating bullish trend in near future. Its near term support is at 1.00 followed by long term support at 0.87. It has its resistance at 1.06 as soon as it breaks this resistance it is expected to move up to our target price of 1.12/1.18 in contra.

FFHB is following uptrend and is increasing at a particular pace. It did not break its trend line and rebounded above it by taking support at 0.87, indicating bullishness in near future.

BOLLINGER BANDS

The price has touched the upper band. Both lower and upper bands are moving upward and hence indicating strong uptrend. FFHB is expected to increase till it is going along with the upper band.

MONIG AVERAGE CONVERSION DIVERSION (MACD)

Simple MACD has arose a bullish signal. The faster moving average curve has given cross-over to the slowest moving average curve from below strengthening bullish trend ahead.

RELATIVE STRENGTH INDEX

RSI is above 50 , currently at 67.369. Which indicated that the investors are buying the counter and hence it is expected the price would take the uptrend due to buying pressure.

TRADING VIEW

Trading should be calculative and done at correct levels. It is very important to make entry and exit at right level. An investor should always enter above the resistance level and should close his position as soon as the price has achieved the target or has hit the SL (stop loss). The entry level of FFHB is above 1.06 with SL of 1.00 and target price of 1.12/1.18.