RHB Retail Research
Trading Stocks - Freight Management
Freight Management broke out from the immediate resistance marked at MYR1.32, on the back of higher trading volume. With the positive momentum, we think the stock will continue to climb higher towards the next hurdle at MYR1.43, followed by MYR1.50. A downside breach of the MYR1.20 support threshold would negate this expectation, and see a stock price correction.
Source: RHB Securities Research - 3 Feb 2021
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