We expect further upside for Aimflex after it broke out from the 2-week bullish flag pattern a few sessions ago. With the stock pushing near its 52-week high, the upward momentum appears to be picking up. A bullish bias may emerge above the RM0.18 level, with a stop-loss set at RM0.16, below the 50-day EMA. Towards the upside, the near-term resistance level is seen at RM0.21, followed by RM0.22.

Entry : RM0.18–0.19

Target : RM0.21, RM0.22

Exit : RM0.16

Source: AmInvest Research - 8 May 2023