RHB Retail Research
Trading Stocks - Freight Management Holdings
Freight Management Holdings attempted to break above its immediate resistance on high trading volume yesterday, after a recent pullback. As volume is building – pointing to bullish interest – the stock may push past the immediate resistance of MYR1.50. If this happens, it will test the next resistance of MYR1.70, then MYR1.78. However, if the support level of MYR1.36 is broken, this expectation would be reversed.
Source: RHB Securities Research - 20 Apr 2021
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