AmInvest Research Reports

Stock on Radar - AGX Group (AGX)

AmInvest
Publish date: Thu, 21 Nov 2024, 11:28 AM
AmInvest
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AGX Group (AGX | 0299)

Last Price: RM0.615 | Technical Call: BUY

Technical chart: AGX

Support 1: RM0.60Resistance 1: RM0.70
Support 2: RM0.54Resistance 2: RM0.75
Shariah Compliant: YesSector: Transportation

AGX Group may trend higher after it recovered above the RM0.60 psychological mark with a long positive candle yesterday.

With the stock pushing near its all-time high, supported by its rising EMAs, likely indicates that the upward momentum may be picking up. A bullish bias may emerge above the RM0.60 level with stop-loss set at RM0.53, below the 50-day EMA. Towards the upside, near-term resistance level is seen at RM0.70, followed by RM0.75.

Entry: RM0.60-0.615

Target: RM0.70, RM0.75

Exit: RM0.53

 

Source: AmInvest Research - 21 Nov 2024

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