AmInvest Research Reports
Stock on Radar - AGX Group
AmInvest
Publish date: Wed, 07 Aug 2024, 09:11 AM
AmInvest
0 9,342
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All materials published here are prepared by AmInvest. For latest offers on AmInvest trading products and news, please refer to: https://www.aminvest.com/eng/Pages/home.aspx
Tel: +603 2036 1800 / +603 2032 2888
Fax: +603 2031 5210
Email: enquiries@aminvest.com
Office Hours
Monday to Thursday: 8:45am – 5:45pm
Friday: 8:45am – 5:00pm
(GMT +08:00 Malaysia)
We expect further upside for AGX Group after recouping the previous session’s losses and pushed higher from its RM0.395 support. Together with a bullish engulfing pattern coming off the 20-day EMA, upward momentum is likely picking up. A bullish bias may emerge above the RM0.44 level with stop-loss set at RM0.39, below the 5 Aug low. Towards the upside, near-term resistance level is seen at RM0.55, followed by RM0.60
Entry : RM0.44–0.46
Target : RM0.55, RM0.60
Exit : RM0.39
Source: AmInvest Research - 7 Aug 2024
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