FM Global Logistics Holdings should be set to trend upwards further as it climbed above the immediate resistance of MYR0.565 on improved volume – printing a “higher high” bullish pattern with a “White Marubozu” candlestick. If it remains above the immediate resistance point, the stock may head for the MYR0.60 threshold, followed by MYR0.65. If it falls below the MYR0.54 support, the bullish momentum would be reversed, as it forms a “lower low” bearish pattern beneath the average line.

Source: RHB Securities Research - 2 Nov 2022