Freight Management recording good positive follow through, says RHB Retail Research

Freight Management recording good positive follow through, says RHB Retail Research
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KUALA LUMPUR (Nov 3): RHB Retail Research said Freight Management Holdings Bhd has been recording a good positive follow through over the latest two sessions after it broke away from the 62 sen threshold — indicating that its upward move may be extending in the near term.

In a trading stocks note today, the research house said a positive bias may emerge above 66 sen, with resistance points set at 75 sen and 80 sen.

“A downside breach of the 66 sen support would nullify this positive thesis,’ it said.