NationGate broke out from its 1-week bullish flag pattern with a long white candle yesterday, implying that its previous uptrend may have resumed. As the stock also surged to a new all-time high, we expect further upside from here. A bullish bias may emerge above the RM1.20 level, with a stop-loss set at RM1.10, below the 31 Jan low. Towards the upside, the near-term resistance level is seen at RM1.35, followed by RM1.40.

Entry : RM1.20–1.24

Target : RM1.35, RM1.40

Exit : RM1.10

Source: AmInvest Research - 3 Feb 2023