Rakuten Trade Research Reports
Technical View - GFM Services Berhad
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Publish date: Thu, 22 Dec 2022, 12:57 PM
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All materials published here are prepared by Rakuten Trade. For latest offers on Rakuten Trade products and news, please refer to: https://www.rakutentrade.my/
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Rakuten Trade
Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my
- Share price closed 9.76% higher at RM0.225 on Wednesday.
- GFM broke out from its resistance level at RM0.21 yesterday with high buying volume. It seems to have found its support at RM0.19 and now is hovering above all key moving average lines. With indicators showing uptick momentum, the share price is expected to propel higher.
- Resistance levels are identified at RM0.23 (R1) and RM0.24 (R2).
- On the flipside, support levels are pegged at RM0.195 (S1) and RM0.19 (S2).
Source: Rakuten Research - 22 Dec 2022
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