RHB Retail Research
Technical Analysis - GFM Services
GFM Services may trend higher after it formed another white candle and breached above the MYR0.50 threshold. In view that the 21-day SMA line is likely to begin turning upwards, this also implies a positive outlook. A bullish bias may emerge above the MYR0.495 level, with an exit set below the MYR0.46 level. Towards the upside, the immediate resistance is at MYR0.55. This is followed by the MYR0.59 level.
Source: RHB Securities Research - 23 Nov 2018
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