AmInvest Research Reports
Stock on Radar - AGX Group
AmInvest
Publish date: Tue, 03 Sep 2024, 09:42 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 believe buying interest for AGX Group is back after it broke out from the 3-week bullish flag pattern with a long positive candle yesterday. With a bullish hammer pattern coming off the rising 50-day EMA, we expect further upside from here. A bullish bias may emerge above the RM0.50 level with stop-loss set at RM0.44, below the 50-day EMA. Towards the upside, near-term resistance level is seen at RM0.60, followed by RM0.65.
Entry : RM0.50–0.52
Target : RM0.60, RM0.65
Exit : RM0.44
Source: AmInvest Research - 3 Sept 2024
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