AmInvest Research Reports

Stock on Radar - NationGate (NATGATE)

AmInvest
Publish date: Mon, 28 Oct 2024, 08:40 AM
AmInvest
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NationGate (NATGATE | 0270)

Last Price: RM2.02 | Technical Call: BUY

Technical chart: NATGATE

Support 1: RM1.98Resistance 1: RM2.20
Support 2: RM1.84Resistance 2: RM2.30
Shariah Compliant: YesSector: Industrial

NATIONGATE HOLDINGS (NATGATE | 0270) Last Price: RM2.02 | Technical Call: BUY

NationGate may trend higher after it surged to a 12-week high and closed above the RM1.98 resistance with a positive candle on Friday. As the 20-day and 50-day EMAs have established their bullish crossover a few candles back, additional strength may be present in the coming sessions. A bullish bias may emerge above the RM1.98 level with stop-loss set at RM1.82, below the 50-day EMA. Towards the upside, near-term resistance level is seen at RM2.20, followed by RM2.30.

Entry : RM1.98-2.02

Target : RM2.20, RM2.30

Exit : RM1.82

Entry: RM1.98-2.02

Target: RM2.20, RM2.30

Exit: RM1.82

 

Source: AmInvest Research - 28 Oct 2024

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