Rakuten Trade Research Reports
Technical View - FM Global Logistic Holdings Berhad
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Publish date: Thu, 08 Sep 2022, 09:31 AM
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All materials published here are prepared by Rakuten Trade. For latest offers on Rakuten Trade products and news, please refer to: https://www.rakutentrade.my/
To sign up for an account: http://bit.ly/40BNqKI
Rakuten Trade
Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my
FM Global Logistic Holdings Berhad (FM, 7210)
• Share price closed 8.2% higher at RM0.595 on Wednesday.
• FM broke out from its resistance level twice yesterday at RM0.56 and RM0.575 with strong buying volume. The share price also closed above its MA 20 and MA 50 lines. Coupled with indicators showing uptick momentum, share price is expected to move higher.
• Resistance levels are identified at RM0.60 (R1) and RM0.62 (R2).
• On the flipside, support levels are pegged at RM0.545 (S1) and RM0.535 (S2).
Source: Rakuten Research - 8 Sept 2022
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