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
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Created by AmInvest | Oct 01, 2024