GFM Services may rise higher after it tested the 50-day EMA and rebounded higher on Friday. With the stock posting a long white candle and pushing near its 52-week high, upward momentum may be present now. A bullish bias may emerge above the RM0.24 level, with stop-loss set at RM0.21, below the 50-day EMA. Towards the upside, near-term resistance level is seen at RM0.28, followed by RM0.30.

Entry : RM0.24–0.245

Target : RM0.28, RM0.30

Exit : RM0.21

Source: AmInvest Research - 4 Dec 2023