Friday 21 Jun 2024
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KUALA LUMPUR (March 4): RHB Retail Research said GFM Services Bhd could extend its upside movement after breaking past the key resistance level on high volume.

In a trading stocks note, the research house said that last Friday, the stock breached the 26.5 sen resistance, showing that its consolidaton phase is over and a bullish setup has been formed.

“Riding on the renewed momentum, the stock should test the next resistance at 30 sen, followed by 33 sen.

“On the other hand, falling below the 24 sen support will negate the bullish structure,” it said.

 

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