AGX is poised to extend the upside movement after testing the immediate resistance on a bullish candlestick. The stock has printed a “higher low” bullish candlestick, showing that the bullish momentum is gaining traction. If it closes above the MYR0.54 resistance, the bullish bias will emerge. In this case, the stock will climbs towards MYR0.60, followed by the MYR0.65 level. If it breaches the MYR0.47 support, this will lead to the bearish phase.

Source: RHB Securities Research - 10 Sept 2024