Nextgreen Global Bhd (NGGB, 7241)

• Share price closed 5.26% higher at RM1.00 on Thursday.

• NGGB broke out from the short term downtrend with higher volume and managed to close above its MA20 for the first time since end of November.

• Backed by upticks in RSI and MACD indicators, NGGB is poised to moved higher.

• Resistance levels are identified at RM1.01 (R1) and RM1.03 (R2).

• On the flipside, support levels are pegged at RM0.945 (S1) and RM0.94 (S2).

Source: Rakuten Research - 24 Dec 2021