RHB Retail Research
Trading Stocks - Freight Management Holdings
Freight Management Holdings may print an all-time-high as it breached above the consolidation point of MYR0.855 – forming a “higher high” bullish pattern. Bullish momentum above that level may propel the stock towards the nearest resistance of MYR0.935, before reaching MYR1.05. However, falling below the MYR0.80 support – below 21-day average line - may reverse the momentum.
Source: RHB Securities Research - 8 Oct 2021
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