Infomina surged to a new all-time high with a long white candle yesterday, which likely indicates the return of buying interest. The stock’s move above the key RM1.75 resistance indicates that the near-term bullish trend may persist. A bullish bias may emerge above the RM1.75 level, with a stop-loss set at RM1.58, below the 20-day EMA. Towards the upside, the near-term resistance level is seen at RM2.00, followed by RM2.20.

Entry : RM1.75–1.84

Target : RM2.00, RM2.20

Exit : RM1.58

Source: AmInvest Research - 27 Jun 2023