We expect further upside for Infomina given that it took out the 2-month downtrend line yesterday. The stock also posted 2 long white candles in a row and its 20-day EMA is starting to turn upward, likely suggesting that bullish momentum is picking up further. A bullish bias may emerge above the RM1.40 level, with a stop-loss set at RM1.23, below the 16 Mar low. Towards the upside, the near-term resistance level is seen at RM1.55, followed by RM1.70.

Entry : RM1.40–1.46

Target : RM1.55, RM1.70

Exit : RM1.23

Source: AmInvest Research - 22 Mar 2023