AmInvest Research Reports

Stock on Radar - AGX Group

AmInvest
Publish date: Thu, 19 Sep 2024, 09:57 AM
AmInvest
0 9,382
An official blog in I3investor to publish research reports provided by AmInvest research team.

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 given that it took out the 5-week downtrend line yesterday. Given that the stock has also broken out from a 2-week bullish rectangle pattern, the uptrend may persist in the near term. A bullish bias may emerge above the RM0.55 level with stop-loss set at RM0.47, below the 50-day EMA. Towards the upside, near-term resistance level is seen at RM0.65, followed by RM0.70.

Entry: RM0.55-0.565

Target: RM0.65, RM0.70

Exit: RM0.47

 

Source: AmInvest Research - 19 Sep 2024

Related Stocks
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment