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AmInvest Research Reports

Author: AmInvest   |   Latest post: Fri, 23 Aug 2019, 5:00 PM

 

Stocks on Radar - GFM Services (0039)

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GFM Services was testing RM0.46 during its intraday high. With a moderate RSI level, a bullish bias may be present above this mark with a target level of RM0.48 followed by RM0.505. Meanwhile, it may continue moving sideways if it fails to cross the RM0.46 mark in the near term. In this case, the immediate support is anticipated at RM0.435, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM0.46

Target: RM0.48, RM0.505 (time frame: 3-6 weeks)

Exit: RM0.435

Source: AmInvest Research - 19 Jun 2019

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Labels: GFM

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