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
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Created by AmInvest | Sep 24, 2024
Created by AmInvest | Sep 23, 2024