AGX Group is showing a bullish technical setup after climbing above the resistance. The counter has printed a white candlestick and closed above the MYR0.55 resistance, showing the bullish momentum is picking up pace. As long as it sustains above the breakout point, the stock may extend the upside movement towards MYR0.59, followed by the MYR0.64 level. Conversely, a breach of the MYR0.52 support invalidates the positive expectation.

Source: RHB Securities Research - 7 Feb 2025