Technical Review (30/12/2024) – Alpha IVF Group Berhad

Alpha IVF is currently trading at RM0.340 on 30th December 2024, gaining 1.49% for the day. The stock demonstrated resilience around its immediate support level of RM0.330, while RM0.350 serves as a critical resistance level.

Trading volume stood at 310,140 shares, with a robust bid/ask ratio of 924,700, reflecting sustained investor interest. Notably, the price is trading near the upper Bollinger Band, indicating potential bullish momentum if supported by higher trading volumes.

Momentum indicators suggest a cautiously optimistic outlook. The RSI remains in a neutral zone, neither overbought nor oversold, while the MACD approaches a bullish crossover, signalling potential upward movement. The stock has consolidated between RM0.330 and RM0.370, with the narrowing range suggesting a breakout is possible in the near term.

Alpha IVF’s strong brand in the fertility healthcare sector, backed by its market-leading success rates, positions it favourably amid rising demand for assisted reproductive technologies. Investors should watch for a breakout above RM0.350, which could signal a move toward RM0.370, while maintaining caution if the price breaks below RM0.330.

Current levels present an accumulation opportunity, contingent on sustained bullish confirmation.