RHB Investment Research Reports
Trading Stocks - AGX
rhbinvest
Publish date: Mon, 29 Apr 2024, 10:25 AM
rhbinvest
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An official blog in I3investor to publish research reports provided by RHB Research team.
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
AGX is posing a bullish setup after breaking past the key resistance. Last Friday, the stock climbed above the MYR0.31 resistance. It is now trading above the 21-day SMA line – showing the bulls have the technical advantage now. After the bullish breakout, the stock should travel towards the next resistance at MYR0.345, followed by MYR0.38. Meanwhile, breaching below the MYR0.28 support will resume the bearish phase.
Source: RHB Securities Research - 29 Apr 2024
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