We believe buying interest for AGX Group is back after it broke out from the 3-week bullish flag pattern with a long positive candle yesterday. With a bullish hammer pattern coming off the rising 50-day EMA, we expect further upside from here. A bullish bias may emerge above the RM0.50 level with stop-loss set at RM0.44, below the 50-day EMA. Towards the upside, near-term resistance level is seen at RM0.60, followed by RM0.65.

Entry : RM0.50–0.52

Target : RM0.60, RM0.65

Exit : RM0.44

Source: AmInvest Research - 3 Sept 2024