Alpha IVF is eyeing to stage a bullish breakout after testing the immediate resistance with high volume. The counter has been consolidating sideways below the MYR0.33 resistance. We observed that the volume has been increasing, indicating that the bullish momentum is picking up pace. In the event a breakout happens, the stock would move towards MYR0.35, followed by the MYR0.37 level. On the other hand, falling below the MYR0.31 support would set off a correction.

Source: RHB Securities Research - 10 Sept 2024