AmInvest Research Reports

Stock on Radar - NationGate

AmInvest
Publish date: Fri, 07 Jun 2024, 10:52 AM
AmInvest
0 8,951
An official blog in I3investor to publish research reports provided by AmInvest research team.

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)

NationGate’s buying momentum is back after it broke out of the 2-week bullish flag pattern with a long positive candle yesterday. The stock’s move above the RM1.80 resistance coupled with its rising EMAs, indicates that the near term bullish trend may persist. A bullish bias may emerge above the RM1.80 level, with a stop-loss set at RM1.70, below the 50-day EMA. Towards the upside, the near-term resistance level is seen at RM2.10, followed by RM2.20.

Entry : RM1.80–1.93

Target : RM2.10, RM2.20

Exit : RM1.70

Source: AmInvest Research - 7 Jun 2024

Related Stocks
Market Buzz
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment