RHB Retail Research
Trading Stocks - GFM Services
GFM Services is set for a rebound as it bounced off the support and breached the MYR0.245 resistance-turned-support level – firming up its “higher low” bullish pattern. The bullish bias above that level is expected to see the stock climb towards the MYR0.285 recent high, followed by MYR0.33, the next resistance. Conversely, falling below the MYR0.22 support will cancel this expectation.
Source: RHB Securities Research - 28 Sept 2021
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