Technical Review (21/11/2024) - Alpha IVF Group Berhad

Our technical indicators had flagged ALPHA (0303) as the next potential uptrend stock, as evident by the successful bouncing off RM0.345 as key support level, while challenging the RM0.350 resistance level. For the next few trading days, if ALPHA is able to stay above RM0.350 level (a resistance-turned-support scenario), we believe ALPHA should trend towards RM0.385/RM0.400 level. The MACD crossover shows a bullish signal, further reinforcing our theory for ALPHA to trend higher ahead.