Bioalpha Holdings may soon move higher to test the RM0.35 resistance level. With an RSI pointing upwards, coupled with higher trading volume, we think it will break out from the resistance level. If this happens, expect it to travel towards the short-term target prices of RM0.385 and RM0.415. In this case, the downside support is marked at RM0.31, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on breakout RM0.35

Target: RM0.385, RM0.415 (time frame: 2-4 weeks)

Exit: RM0.31

Source: AmInvest Research - 6 Aug 2020