Breaching Resistance Despite Market Weakness ft. ALPHA (0303)

Despite a general market weakness, we see strong upwards performance by ALPHA (0303) today breaching the key resistance level of RM0.330 and turning it into a new support, also reaching a day-high of RM0.335 today. We see this strong momentum, as indicated by the stronger buyer interests (red bars below) and strong volume today. The bollinger band also shows a positive uptrend movement.

We continue to rate ALPHA as a positive trading BUY.

Support Level: RM0.330

Resistance Level: RM0.345, RM0.350