NGGB

Sector: Industrial Products & Services

Analysed on 16/01/2022

NGGB retraced from its peak at RM 1.34 and volatility contraction pattern (VCP) is formed. NGGB has gone through price contraction with reduce in volume since Nov 2021. NGGB is traded at RM 1.05 on last Friday with immediate resistance and support at RM1.10 and RM0.985 respectively. There is no clear indication yet on the price movement. Investors may monitor for resistance breakout. NGGB may potentially challenge its next resistance at RM 1.18 once it manages to break its immediate resistance at RM 1.10.

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