AmInvest Research Reports

Stock on Radar - GFM Services

AmInvest
Publish date: Mon, 04 Dec 2023, 09:58 AM
AmInvest
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GFM Services may rise higher after it tested the 50-day EMA and rebounded higher on Friday. With the stock posting a long white candle and pushing near its 52-week high, upward momentum may be present now. A bullish bias may emerge above the RM0.24 level, with stop-loss set at RM0.21, below the 50-day EMA. Towards the upside, near-term resistance level is seen at RM0.28, followed by RM0.30.

Entry : RM0.24–0.245

Target : RM0.28, RM0.30

Exit : RM0.21

Source: AmInvest Research - 4 Dec 2023

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