We expect further upside for UMediC Group after it gapped up and closed above the RM0.80 resistance yesterday. The stock also posted two white candles in a row, and its 20-day EMA is starting to turn upward, likely suggesting bullish momentum is increasing. A bullish bias may emerge above the RM0.80 level, with a stop-loss set at RM0.76, below the 50-day EMA. Towards the upside, the near-term resistance level is seen at RM0.90, followed by RM0.95.

Entry : RM0.80–0.84

Target : RM0.90, RM0.95

Exit : RM0.76

Source: AmInvest Research - 4 Apr 2023