GFM Services’ buying momentum may have returned after it rose above the 21-day SMA line. Yesterday’s candle sent the stock to its 2-week high, thereby enhancing the bullish sentiment. A bullish bias may appear above the MYR0.505 level, with an exit set below the MYR0.475 threshold. Towards the upside, the near-term resistance is at MYR0.55. This is followed by the MYR0.60 level.

Source: RHB Securities Research - 4 Apr 2019