Agmo Holdings Berhad

• Share price closed 1.60% higher at RM0.635 on Thursday.

• AGMO rebounded from its lowest level since IPO at RM0.575. Buying interest was seen over the past 2 days as we believe the selling has been overdone. Coupled with bullish indicators showing uptick momentum, share price is expected to move higher.

• Resistance levels are identified at RM0.655 (R1) and RM0.665 (R2).

• On the flipside, support levels are pegged at RM0.635 (S1).

Source: Rakuten Research - 31 Mar 2023

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