Technical Review–Alpha IVF Group Berhad (0303)

Support Level: RM0.315

Resistance Level: RM0.325

TP: RM0.340

Based on our observation, Alpha IVF Group Berhad (MK: ALPHA) has remained resilient at key support level RM0.315 despite the overall market downturn. As represented by the red bars below, there are signs of accumulation of ALPHA for the past trading weeks. Supported by the strong EMA5/10/20, we believe that ALPHA is set to challenge the RM0.325 resistance level, before reaching its short term target of RM0.340.

We rate this a trading BUY for ALPHA.