NationGate may trend higher after it surged to a 3-month high and closed above the RM1.40 resistance yesterday. As the 20- day and 50-day EMAs have established a bullish crossover since early December, the upward momentum may persist in the near term. A bullish bias may emerge above the RM1.40 level, with stop-loss set at RM1.25, below the 50-day EMA. Towards the upside, near-term resistance level is seen at RM1.60, followed by RM1.70.

Entry : RM1.40–1.43

Target : RM1.60, RM1.70

Exit : RM1.25

Source: AmInvest Research - 12 Dec 2023