We expect further upside for Alpha IVF Group after it hit a new all-time high with another positive candle yesterday. The stock’s move above the RM0.33 resistance coupled with rising EMAs indicate that the near term upward momentum may persist. A bullish bias may emerge above the RM0.33 level with stop-loss set at RM0.31, below the 50-day EMA. Towards the upside, nearterm resistance level is seen at RM0.38, followed by RM0.40.

Entry : RM0.33–0.34

Target : RM0.38, RM0.40

Exit : RM0.31

Source: AmInvest Research - 11 Sept 2024