Freight Management ready to propel higher, says RHB Retail Research

TheEdge Wed, Dec 15, 2021 07:17am - 7 months View Original


KUALA LUMPUR (Dec 15): RHB Retail Research said Freight Management Holdings Bhd is ready to propel higher, given that it recently broke past the 87.5 sen immediate resistance while retracing above that level yesterday on lower volumes.

In a trading stocks note today, the research house said if the stock manages to maintain above this level, bullish momentum may persist in boosting it towards the 95 sen resistance.

“This will be followed by the RM1.01 resistance.

“Such expectations will be nullified if it falls below the 84 sen support level,” it said.

 

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