F&N: Upside Limited
Base on the chart, F&N uptrend is still intact however upside is limited due to the following two reasons:
- Resistance at about $5.80
- Current PE of 21.5 is higher than the past 3 years average PE of 20.8 and also the STI PE.
It will be interesting to see whether F&N can hold above the up trend support at about $5.30 to $5.40.