RHB Retail Research
Technical Analysis - GFM Services
GFM Services may rebound further after it tested the MYR0.365 support in recent sessions. As the stock has formed a “Hammer” pattern on 10 Oct, this indicates a potential rebound. A bullish bias may appear above the MYR0.41 level, with an exit set below the MYR0.365 threshold. Towards the upside, the near-term resistance is at MYR0.455. This is followed by the MYR0.50 level.
Source: RHB Securities Research - 12 Oct 2018
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