YX Precious Metals has been in the midst of a consolidation phase since early March, hovering in the MYR0.27 and MYR0.295 range.
If it manages to break past MYR0.295, the sideways consolidation movement would shift to an uptrend, heading
towards MYR0.315, ie a 5-month high, followed by the next resistance at MYR0.34.
On the flip side, falling below the MYR0.27 support will negate the bullish setup as it would then be trading below the SMA line.
Agmo Holdings is set to propel higher after experiencing a technical breakout above the MYR0.55 immediate resistance with surging trading volume – forming a “higher high” bullish pattern.
As the stock is trading above the ascending 21-day SMA line, expect it to climb higher towards the MYR0.61 resistance,
followed by the next resistance at MYR0.655, ie the 52-week high.
However, falling below the MYR0.52 support will reverse
the momentum as the counter will trade below the SMA line and form a “lower low” bearish structure.
