PGF Capital may rise higher after it formed a long white candle and hit a new 52-week high yesterday. The stock’s move above the key RM1.20 resistance also coincides with its rising EMAs, indicaiting that the near term bullish trend may persist. A bullish bias may emerge above the RM1.20 level, with a stop-loss set at RM1.07, below 30 Sep’s low. Towards the upside, the nearterm resistance level is seen at RM1.30, followed by RM1.40.

Entry : RM1.20–1.25

Target : RM1.30, RM1.40

Exit : RM1.07

Source: AmInvest Research - 6 Oct 2022