We expect further upside for UMediC Group after it recouped the previous session’s losses and pushed higher from its RM0.80 low. With the stock pushing near its all-time high, supported by its rising EMAs, likely indicates that the upward momentum may be picking up. A bullish bias may emerge above the RM0.83 level, with a stop-loss set at RM0.75, below the 50-day EMA. Towards the upside, the near-term resistance level is seen at RM0.95, followed by RM1.00.

Entry : RM0.83–0.87

Target : RM0.95, RM1.00

Exit : RM0.75

Source: AmInvest Research - 9 Mar 2023