Alpha IVF is poised to extend its upside movement after staging a bullish breakout. The counter climbed above the MYR0.335 resistance level to confirm the bullish setup. Meanwhile, it has been charting a series of “higher highs” with “higher lows”, showing that strong bullish momentum is underway. Based on the momentum, it should test the next resistance level at MYR0.36, followed by MYR0.38. However, a fall below the MYR0.305 support would negate the bullish setup.

Source: RHB Securities Research - 8 Apr 2024