AmInvest Research Reports

Stock on Radar - NationGate Holdings

AmInvest
Publish date: Mon, 26 Jun 2023, 09:31 AM
AmInvest
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We expect further upside for NationGate given that it took out the 3.5-month downtrend line a week ago. As the 20-day and 50- day EMAs have confirmed their bullish crossover a few candles back, the stock looks positive in the short and medium term. A bullish bias may emerge above the RM1.33 level, with a stop-loss set at RM1.23, below the 50-day EMA. Towards the upside, the near-term resistance level is seen at RM1.50, followed by RM1.60.

Entry : RM1.33–1.35

Target : RM1.50, RM1.60

Exit : RM1.23

Source: AmInvest Research - 26 Jun 2023

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