AmInvest Research Reports

Stock on Radar - NationGate (NATGATE)

AmInvest
Publish date: Fri, 27 Dec 2024, 01:02 PM
AmInvest
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NationGate (NATGATE | 0270)

Last Price: RM2.53 | Technical Call: BUY

Technical chart: NATGATE

Support 1: RM2.50Resistance 1: RM2.70
Support 2: RM2.37Resistance 2: RM2.80
Shariah Compliant: YesSector: Industrial

NATIONGATE HOLDINGS (NATGATE | 0270) Last Price: RM2.53 | Technical Call: BUY

NationGate's buying interest is back after it formed a long positive candle and broke out of the 3-week bullish pennant pattern yesterday. With the stock pushing near its all-time high, supported by its rising EMAs, likely indicates that the upward momentum may be picking up. A bullish bias may emerge above the RM2.50 level with stop-loss set at RM2.35, below the 10 Dec low. Towards the upside, near-term resistance level is seen at RM2.70, followed by RM2.80.

Entry: RM2.50-2.53

Target: RM2.70, RM2.80

Exit: RM2.35

 

Source: AmInvest Research - 27 Dec 2024

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