FM Global Logistics Holdings is poised to surge as it rebounded from its immediate support while heading towards the immediate resistance of MYR0.90 yesterday – supported by stronger volume. If a breakout happens above that level, we expect the stock to scale higher towards the MYR0.935 resistance, before printing the MYR1.00 psychological threshold. In the event it drops below the MYR0.85 support, the stock may resume its downtrend, beneath the 21-day average line.

Source: RHB Securities Research - 16 Feb 2022