Freight Management Holdings surged and hit the RM0.91 resistance level. With its RSI indicator pointing upward, coupled with a higher high candle stick pattern, there is a good chance that it would experience a technical breakout and head towards the short-term target price of RM0.955, followed by RM0.985. The downside support is marked at RM0.835. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM0.91

Target: RM0.955, RM0.985 (time frame: 2-4 weeks)

Exit: RM0.835
 

Source: AmInvest Research - 14 Dec 2021