AmInvest Research Reports

Stock on Radar - AGX Group (AGX)

AmInvest
Publish date: Thu, 07 Nov 2024, 10:12 AM
AmInvest
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AGX Group (AGX | 0299)

Last Price: RM0.54 | Technical Call: BUY

Technical chart: AGX

Support 1: RM0.52Resistance 1: RM0.60
Support 2: RM0.48Resistance 2: RM0.64
Shariah Compliant: YesSector: Transportation

AGX Group may trend higher after it broke above the RM0.52 resistance with a long positive candle a few sessions ago. In view that the 20-day and 50-day EMAs are starting to turn upwards, additional upside strength may be present in the coming sessions.

A bullish bias may emerge above the RM0.52 level with stop-loss set at RM0.47, below the 50-day EMA. Towards the upside, near-term resistance level is seen at RM0.60, followed by RM0.64.

Entry: RM0.52-0.54

Target: RM0.60, RM0.64

Exit: RM0.47

 

Source: AmInvest Research - 7 Nov 2024

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