AGX Group (AGX | 0299)
Last Price: RM0.54 | Technical Call: BUY
Support 1: RM0.52 | Resistance 1: RM0.60 |
Support 2: RM0.48 | Resistance 2: RM0.64 |
Shariah Compliant: Yes | Sector: Transportation |
AGX Group may trend higher after it broke above the RM0.52 resistance with a long positive candle a few sessions ago. In view that the 20-day and 50-day EMAs are starting to turn upwards, additional upside strength may be present in the coming sessions.
A bullish bias may emerge above the RM0.52 level with stop-loss set at RM0.47, below the 50-day EMA. Towards the upside, near-term resistance level is seen at RM0.60, followed by RM0.64.
Entry: RM0.52-0.54
Target: RM0.60, RM0.64
Exit: RM0.47
Source: AmInvest Research - 7 Nov 2024
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