PGF Capital, according to AmInvest’s Stock on Radar technical analysis (October 6), may rise higher after it formed a long white candle and hit a new 52-week high yesterday. The stock’s move above the key RM1.20 resistance also coincides with its rising EMAs, indicating that the near-term bullish trend may persist.
A bullish bias may emerge above the RM1.20 level, with a stop-loss set at RM1.07, below 30 September’s low. Towards the upside, the near-term resistance level is seen at RM1.30, followed by RM1.40.
Entry : RM1.20–1.25
Target : RM1.30, RM1.40
Exit : RM1.07
