AmInvest Research Reports
Stocks on Radar - Nextgreen Global (7241)
AmInvest
Publish date: Fri, 27 Dec 2019, 09:11 AM
AmInvest
0 9,057
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All materials published here are prepared by AmInvest. For latest offers on AmInvest trading products and news, please refer to: https://www.aminvest.com/eng/Pages/home.aspx
Tel: +603 2036 1800 / +603 2032 2888
Fax: +603 2031 5210
Email: enquiries@aminvest.com
Office Hours
Monday to Thursday: 8:45am – 5:45pm
Friday: 8:45am – 5:00pm
(GMT +08:00 Malaysia)
Nextgreen Global was testing the RM0.40 level in its latest session. With a rising RSI, a bullish bias may be present above this mark with a short-term target price of RM0.42 and RM0.40. Meanwhile, it may continue moving sideways if it fails to cross the RM0.40 mark in the near term. In this case, the downside support is anticipated at RM0.375, whereby traders may exit on a breach to avoid the risk of a further correction
Trading Call: Buy upon breakout above RM0.40
Target: RM0.42, RM0.44 (time frame: 3-6 weeks)
Exit: RM0.375
Source: AmInvest Research - 27 Dec 2019
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