As I had shared previously, Bioalpha Holdings Berhad is currently moving above EMA, 20, 50, 100 and 200. Based on my experience, the rapid increase in stock price is indeed a powerful indicator for us to note that people are starting to notice BIOHLDG.

For the breakout from RM 0.325 resistant, the next level the company would challenge is RM 0.355, and once this level broken, then the sky is the limit for BIOHLDG! 

From technical point of view, the company had formed a triple bottom at RM 0.230 level. The share price had never gone lower since then, this is no doubt a positive note that BIOHLDG is heading towards a higher price.

Now, I'm not afraid to share with you that it is very possible that BIOHLDG might announce something good in the near term. This is what I observed from the market - A rapid increase in stock price normally signifies something is brewing in the company.

To me, a breakout in RM 0.355 is inevitable, it’s not the question of how, but when.

So, even if you do not believe me, observe the share price. Any retrace is a huge signal to buy, before a major uptrend is formed and the rally skyrockets!