GFM Services formed a long white candle, indicating that the momentum of buying could be strong. Yesterday’s candle can be viewed as the bulls extending the rebound from 1 Mar’s “Bullish Engulfing” pattern. A bullish bias may emerge above the MYR0.51 level, with an exit set below the MYR0.455 threshold. Towards the upside, the immediate resistance is at MYR0.59. This is followed by the MYR0.65 level.

Source: RHB Securities Research - 13 Mar 2019