GFM Services’ buying momentum may have returned after it rose above the 21-day SMA line. This close has sent the stock to its highest point in nearly a month, thereby enhancing the positive sentiment. A bullish bias may emerge above the MYR0.44 level, with an exit set below the MYR0.41 threshold. Towards the upside, the immediate resistance is at MYR0.495. This is followed by the MYR0.53 level.

Source: RHB Securities Research - 25 Oct 2018