Introduction: Ageson Bhd, formerly Prinsiptek Corp Bhd operates as an investment holding company. Its principal activities are mainly construction and property development. It involves in building and construction activities. The company's segments include Construction, which is engaged in construction works; Property Development, which is engaged in the development of residential and commercial properties, and Trading and others, which is engaged in the trading in building materials, provision of project management and secretarial services and investment holding. Its project includes detached houses, semi-detached houses, terrace house, high-rise hotel, hostel, and apartment. To add on, the company is also involved in sand exportation.

Important Breakout: AGESON BERHAD (KLSE:AGES) had been on a downtrend since the third Movement Control Order (“MCO”) is in place. After a consolidation period of 1 month, the company had a success attempt in breaking out on key resistance level of RM0.100.

Consolidation-Formed Support: The recent consolidation had proved that RM0.095 is the lowest point AGES touched, and it should be seen as the next best support level after resistance-turned-support had breached on RM0.100 level.

Strong Movement Amidst Weak Market: The political turbulence in Malaysia had generally wiped heavy gains on stocks. The key benchmark point of KLSE Index had breached 1,500 level. However, AGES had shown very positive interest in the share and successfully challenged the RM0.100 level resistance.

“Testing Period”: On the next few days, it is very important for AGES to maintain at the current price. Should the price maintain above RM0.100, a potential trend reversal would occur and send AGES price even higher, the immediate TP would be RM0.115 (circa 15% reward) and RM0.125 (circa 25% reward) respectively.