Infomina shows a promising pattern – a long white candle followed by a breakout from the 5-month downtrend line. This was reinforced by the 20-day EMA crossing above the 50-EMA, forming a bullish golden cross. The share price is currently trading above the EMAs, indicating a positive outlook. Resistance levels may be offered at RM1.90, followed by RM2.00. Toward the downside, the stop-loss is set at RM1.62, positioned below the 20-day EMA.

Entry : RM1.70-1.75

Target : RM1.90, RM2.00

Exit : RM1.62

Source: AmInvest Research - 1 Dec 2023