Apex Healthcare’s buying interest is back after it broke out of the 2-month downward channel with a white candle on Monday. With a new 52-week high coupled with its rising EMAs, additional upside strength may be present in the near term. A bullish bias may emerge above the RM3.25 level, with a stop-loss set at RM3.03, below 11 Oct’s low. Towards the upside, the near-term resistance level is seen at RM3.50, followed by RM3.70.

Entry : RM3.25–3.28

Target : RM3.50, RM3.70

Exit : RM3.03

Source: AmInvest Research - 9 Nov 2022