Preparing the Next Uptrend – Farm Price Holdings

Newly-listed Farm Price Holdings (FPHB) had seen a consolidation phase in the band of 40.0 sen (S1) to 41.5 sen (R1) with narrowing volume, indicative of a slower selling pressure. Both MACD and OSC indicators show the similar pattern – a weaker selling pressure. We think it is worthwhile to closely monitor FPHB potential breakout beyond the R1 level.