Infomina may trend higher after it broke above the RM1.54 resistance and hit its 7-week high 2 sessions ago. As the 20-day and 50-day EMAs have confirmed their bullish crossover a few candles back, the stock looks positive in near term. A bullish bias may emerge above the RM1.54 level, with a stop-loss set at RM1.41, below the 50-day EMA. Towards the upside, the near-term resistance level is seen at RM1.75, followed by RM1.80.

Entry : RM1.54–1.58

Target : RM1.75, RM1.80

Exit : RM1.41

Source: AmInvest Research - 8 Jun 2023