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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Created by AmInvest | Nov 21, 2024