Freight Management Holdings climbed and touched the RM0.98 resistance level. With its 21-day moving average pointing upward, coupled with a sustainable trading volume, there is a good chance that it would experience a technical breakout and head towards the short-term target price of RM1.04, followed by RM1.08. The downside support is marked at RM0.895. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM0.98

Target: RM1.04, RM1.08 (time frame: 2-4 weeks)

Exit: RM0.895

Source: AmInvest Research - 3 Nov 2021