Infomina may trend higher after it closed above the RM1.40 resistance and hit its all-time high on Friday. As the stock also broke out of the 3-week bullish ascending triangle pattern, it may see additional strength in the near term. A bullish bias may emerge above the RM1.40 level, with a stop-loss set at RM1.18, below the 20 Dec low. Towards the upside, the near-term resistance level is seen at RM1.60, followed by RM1.70.

Entry : RM1.40–1.44

Target : RM1.60, RM1.70

Exit : RM1.18

Source: AmInvest Research - 3 Jan 2023