Rakuten Trade Research Reports
Technical View - Bioalpha Holdings Bhd
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Publish date: Tue, 26 Jan 2021, 06:15 PM
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All materials published here are prepared by Rakuten Trade. For latest offers on Rakuten Trade products and news, please refer to: https://www.rakutentrade.my/
To sign up for an account: http://bit.ly/40BNqKI
Rakuten Trade
Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my
Bioalpha Holdings Bhd (0179)
• BIOHLDG closed 1.7% or 0.5 sen lower to RM0.295.
• From the chart, share price formed a positive breakout recently from the low of RM0.245 on the back of higher trading volume. Meanwhile, announcement that the company entered into an agreement to procure and distribute Covid-19 vaccine developed by Sinovac Biotech Co Ltd in Malaysia should spur further buying interest.
• As such, resistance levels are expected at RM0.325 (R1) and further to RM0.355 (R2).
• Conversely, support levels are seen at RM0.27 (S1) and RM0.23 (S2).
Source: Rakuten Research - 26 Jan 2021
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