Aimflex broke out from its 3-week bullish pennant pattern yesterday, implying that its previous uptrend may have resumed. The stock also posted two white candles in a row and hit its 52-week high, likely suggesting that bullish momentum is picking up further. A bullish bias may emerge above the RM0.22 level, with a stop-loss set at RM0.195, below the 20-day EMA. Towards the upside, the near-term resistance level is seen at RM0.25, followed by RM0.27.

Entry : RM0.22–0.23

Target : RM0.25, RM0.27

Exit : RM0.195

Source: AmInvest Research - 8 Sept 2023