RHB Retail Research
Trading Stocks - Bioalpha
Bioalpha was testing the MYR0.145 level in its latest session. If the price breaks out, a bullish bias may be present above this point, with a target price of MYR0.165, followed by MYR0.18. The stock may consolidate further if it cannot breach above the MYR0.145 mark in the near term. Support may be found at MYR0.12, where traders can exit upon a breach to limit the downside risk.
Source: RHB Securities Research - 12 May 2020
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