NationGate Holdings posted 2 white candles in a row and its 20-day EMA has started to turn up on Friday, likely indicating the return of buying interest. As the stock has broken out from the 1-month bullish ascending triangle formation, the resumption of its previous uptrend may be taking place now. A bullish bias may emerge above the RM1.34 level, with a stop-loss set at RM1.20, below the 12 Apr low. Towards the upside, the near-term resistance level is seen at RM1.50, followed by RM1.60.

Entry : RM1.34–1.37

Target : RM1.50, RM1.60

Exit : RM1.20

Source: AmInvest Research - 2 May 2023