Technical View - FM Global Logistic Holdings Berhad - Rakuten Trade Research Reports

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Author: rakutentrade | Latest post: Fri, 19 Apr 2024, 10:32 AM

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Technical View - FM Global Logistic Holdings Berhad

Author: rakutentrade | Publish date: Thu, 8 Sep 2022, 9:31 AM

FM Global Logistic Holdings Berhad (FM, 7210)

• Share price closed 8.2% higher at RM0.595 on Wednesday.

• FM broke out from its resistance level twice yesterday at RM0.56 and RM0.575 with strong buying volume. The share price also closed above its MA 20 and MA 50 lines. Coupled with indicators showing uptick momentum, share price is expected to move higher.

• Resistance levels are identified at RM0.60 (R1) and RM0.62 (R2).

• On the flipside, support levels are pegged at RM0.545 (S1) and RM0.535 (S2).

Source: Rakuten Research - 8 Sept 2022

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Labels: FM

Related Stocks

Chart	Stock Name	Last	Change	Volume
	FM	0.59	-0.005 (0.84%)	555,100

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