Apex Healthcare broke out from its 1-month bullish triangle pattern 2 sessions ago, implying that its previous uptrend may have resumed. A new multi-year high coupled with its rising EMAs, additional upside strength may be present in the near term. A bullish bias may emerge above the RM3.80 level, with a stop-loss set at RM3.63, below the 50-day EMA. Towards the upside, the near-term resistance level is seen at RM4.30, followed by RM4.50.

Entry : RM3.80–3.93

Target : RM4.30, RM4.50

Exit : RM3.63

Source: AmInvest Research - 28 Mar 2023