Technical Review - Alpha IVF Group (0303)

Alpha IVF Group (0303) has shown a very strong upward momentum upon breakthrough the consolidation phase with resistance on RM0.320 level, and had hit a high of RM0.375 over the past trading week, before coming back and supporting back on RM0.350 level.

The current level may be a good collection phase for investors as it is now closer to EMA20/50 level. The fund flow indicator (as indicator below) still shows strong buying interests as shown in the red bar below. We deem Alpha IVF still at BUY rating based on current trend, with short term TP at RM0.375.