RHB Retail Research
Trading Stocks - FM Global Logistics Holdings
FM Global Logistics Holdings attempted to form a technical breakout yesterday as it retested the immediate resistance of MYR0.90 yesterday for two consecutive sessions. If the breakout happens, expect the momentum to propel the stock towards the next resistance of MYR1.00, before possibly reclaiming the historical high of MYR1.15 . In the event it drops below the MYR0.845 support, the stock may resume the downward movement.
Source: RHB Securities Research - 7 Jan 2022
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